{"id":499832,"date":"2021-06-02T06:03:10","date_gmt":"2021-06-02T10:03:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/the-ensign-group-adds-four-skilled-nursing-facilities-in-washington\/"},"modified":"2021-06-02T06:03:10","modified_gmt":"2021-06-02T10:03:10","slug":"the-ensign-group-adds-four-skilled-nursing-facilities-in-washington","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/the-ensign-group-adds-four-skilled-nursing-facilities-in-washington\/","title":{"rendered":"The Ensign Group Adds Four Skilled Nursing Facilities in Washington"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">SAN JUAN CAPISTRANO, Calif., June  02, 2021  (GLOBE NEWSWIRE) &#8212; The\u00a0Ensign Group, Inc.\u00a0(Nasdaq: ENSG), the parent company of the Ensign<sup>TM<\/sup>\u00a0group of companies, which invest in and provide skilled nursing and senior living services, physical, occupational and speech therapies and other rehabilitative and healthcare services, announced today that, effective June 1, 2021, it acquired the operations of the following skilled nursing facilities in Washington:<\/p>\n<ul type=\"disc\">\n<li style=\"margin-top:5pt;margin-bottom:5pt;text-align:justify\">\n          <em>Mira Vista Care Center<\/em>, a 94-bed skilled nursing facility located in Mount Vernon, WA;<\/li>\n<li style=\"margin-top:5pt;margin-bottom:5pt;text-align:justify\">\n          <em>Shoreline Health and Rehabilitation<\/em>, a 114-bed skilled nursing facility located in Shoreline, WA;<\/li>\n<li style=\"margin-top:5pt;margin-bottom:5pt;text-align:justify\">\n          <em>The Oaks at Lakewood<\/em>, a 80-bed skilled nursing facility located in Lakewood, WA; and<\/li>\n<li style=\"margin-top:5pt;margin-bottom:5pt;text-align:justify\">\n          <em>The Oaks at Timberline<\/em>, a 98-bed skilled nursing facility located in Vancouver, WA.<\/li>\n<\/ul>\n<p align=\"justify\">The real estate for each of these operations is owned by CareTrust REIT, Inc. (Nasdaq: CTRE) and each operation will be added to an existing long-term, triple-net master lease, which is currently in place between Ensign affiliates and CareTrust.<\/p>\n<p align=\"justify\">\u201cIt has been several years since we have grown in the State of Washington and we are very excited to add these particular operations to our portfolio because of their cultural and geographical fit,\u201d said Barry Port, Ensign&#8217;s Chief Executive Officer. \u201cWe are also pleased to be expanding our continued and growing relationship with CareTrust and are happy to announce that, in connection with this transaction, CareTrust extended the lease term by ten years on the first-to-expire master lease pool. We are grateful for the strengthening of our long-standing partnership with CareTrust and look forward to many more years of working together on these and future opportunities,\u201d he added.<\/p>\n<p align=\"justify\">Tyler Hoopes, President of Pennant Healthcare, Inc., Ensign\u2019s Washington-based subsidiary, added, \u201cWe are pleased to combine such a devoted and experienced team to our existing operational and clinical leaders in Washington and we are confident that they are poised to accomplish great things together.\u201d<\/p>\n<p align=\"justify\">\u201cWe want to congratulate the Ensign team on the addition of these facilities to their impressive and growing portfolio of healthcare operations,\u201d said\u00a0David Sedgwick, CareTrust\u2019s President and Chief Operating Officer. \u00a0\u201cThis acquisition presented the ideal opportunity to both expand and extend\u00a0CareTrust\u2019s deep-rooted relationship with Ensign and we excitedly look forward to future opportunities to grow together,\u201d\u00a0he added.<\/p>\n<p align=\"justify\">This acquisition brings Ensign&#8217;s growing portfolio to 240 healthcare operations, 22 of which also include senior living operations, across thirteen states.\u00a0 Ensign owns 95 real estate assets.\u00a0 Mr. Port reaffirmed that Ensign is actively seeking opportunities to acquire real estate and to lease both well-performing and struggling skilled nursing, senior living and other healthcare related businesses throughout the United States.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <em>About Ensign<\/em><br \/>\n        <\/strong><br \/>\n        <sup><br \/>\n          <strong>TM<\/strong><br \/>\n        <\/sup>\n      <\/p>\n<p align=\"justify\">The\u00a0Ensign Group, Inc.&#8217;s\u00a0independent operating subsidiaries provide a broad spectrum of skilled nursing and senior living services, physical, occupational and speech therapies and other rehabilitative and healthcare services at 240 healthcare facilities, in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, South Carolina, Texas, Utah, Washington and Wisconsin. More information about Ensign is available at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=tKIsnJNDad3I3ZOI3I0sDGcTnweOnsIZAF6SxPcqFB5r8PyHjQBB1ual2a3dWFB0pXm1PRO83_VVbwmCDD1xpH90Dt_8GoUcrNBsgiWbvVI=\" rel=\"nofollow noopener\" target=\"_blank\">http:\/\/www.ensigngroup.net<\/a>.<\/p>\n<p>\n        <strong><br \/>\n          <em>About CareTrust\u2122<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">CareTrust REIT, Inc.\u00a0is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a nationwide portfolio of long-term net-leased properties, and a growing portfolio of quality operators leasing them,\u00a0CareTrust REIT\u00a0is pursuing both external and organic growth opportunities across\u00a0the United States. More information about\u00a0CareTrust REIT\u00a0is available at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=3-ay1CMaCg2ySYIzBR2VnKJO_sns-sM7dLzEzqOH6SCU7z82FIx4KCfSRHZ9F7xGeqXDKdFeM8onbeCZ7H96BKgGS5qbAoZ5KjBrC7_EV_hQi0BtgqGTkxey5LD7id3aTH8z6rbwiVFQgUriG1wIfXCus4nA06hqqsfY0MXefn9_UmyG7BylxWgnqrqKkabB8TSqf0c9MHiHS957EfhNi2B-bxD7V_ABNALY-piP5mlcxo_8DGItWXpPYU-0nyQ70s_rC2gPAC6iAvKMmhk3aw==\" rel=\"nofollow noopener\" target=\"_blank\">www.caretrustreit.com<\/a>.<\/p>\n<p>\n        <strong><br \/>\n          <em>Contact Information<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">The Ensign Group, Inc., (949) 487-9500, ir@ensigngroup.net<\/p>\n<p>SOURCE: The Ensign Group, Inc.<\/p>\n<p>\u00a0<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI0NzExNCM0MjIzMDUzIzIwMjE2NjM=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/2fd390cc-2bfd-4ac5-b569-0d4f2b6367b7\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SAN JUAN CAPISTRANO, Calif., June 02, 2021 (GLOBE NEWSWIRE) &#8212; The\u00a0Ensign Group, Inc.\u00a0(Nasdaq: ENSG), the parent company of the EnsignTM\u00a0group of companies, which invest in and provide skilled nursing and senior living services, physical, occupational and speech therapies and other rehabilitative and healthcare services, announced today that, effective June 1, 2021, it acquired the operations of the following skilled nursing facilities in Washington: Mira Vista Care Center, a 94-bed skilled nursing facility located in Mount Vernon, WA; Shoreline Health and Rehabilitation, a 114-bed skilled nursing facility located in Shoreline, WA; The Oaks at Lakewood, a 80-bed skilled nursing facility located in Lakewood, WA; and The Oaks at Timberline, a 98-bed skilled nursing facility located in Vancouver, WA. The real estate &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-ensign-group-adds-four-skilled-nursing-facilities-in-washington\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;The Ensign Group Adds Four Skilled Nursing Facilities in Washington&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-499832","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Ensign Group Adds Four Skilled Nursing Facilities in Washington - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/the-ensign-group-adds-four-skilled-nursing-facilities-in-washington\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Ensign Group Adds Four Skilled Nursing Facilities in Washington - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SAN JUAN CAPISTRANO, Calif., June 02, 2021 (GLOBE NEWSWIRE) &#8212; The\u00a0Ensign Group, Inc.\u00a0(Nasdaq: ENSG), the parent company of the EnsignTM\u00a0group of companies, which invest in and provide skilled nursing and senior living services, physical, occupational and speech therapies and other rehabilitative and healthcare services, announced today that, effective June 1, 2021, it acquired the operations of the following skilled nursing facilities in Washington: Mira Vista Care Center, a 94-bed skilled nursing facility located in Mount Vernon, WA; Shoreline Health and Rehabilitation, a 114-bed skilled nursing facility located in Shoreline, WA; The Oaks at Lakewood, a 80-bed skilled nursing facility located in Lakewood, WA; and The Oaks at Timberline, a 98-bed skilled nursing facility located in Vancouver, WA. 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