Ensign Groups New Year Nursing Care Facilities Acquisition

January 03, 2011 / Elizabeth Buckley, Commercial Property Analyst

Effective on January 1, 2011, Ensign Group Inc completed a deal regarding its recent acquisition of two nursing care facilities—Wisteria Place and  Wisteria Independent Living, a sister facility. Both nursing care facilities are situated in Abilene, Texas.

Ensign Groups New Year Nursing Care Facilities Acquisition

The nursing care facilities, Wisteria Place and the 72-unit Wisteria Independent Living are previously owned by Dr. Bruce Davis, which he acquired in 2009 from Sears Methodist Retirement System.

A Keystone Inc’s subsidiary will be operating the two nursing care facilities for Ensign. Both the companies have a long and established clinical presence in Abilene market.

According to the President of Keystone Care, Barry Port, its company is pleased to be associated with Ensign Group’s nursing care facilities.

The spokesman for The Ensign Group, Greg Stapley said the transition should run smoothly because there are only a few changes in the two facilities’ personnel.

The Ensign Group’s president and CEO, Christopher Christensen said, the company’s recently acquired nursing care facilities will strengthen its operating presence in their most productive and mature markets. The facilities have an occupancy rate of 73 percent upon acquisition, which will be operationally accretive to the company’s earnings 2011.

Ensign Group also operated a 96-bed skilled nursing facility— Northern Oaks Living & Rehabilitation Center, still located at Abilene, and is rated with four stars by the government, which is based on staff leveling, health inspections, and other quality measures.

Last May 2010, Ensign Group has also acquired Home Health and Hospice Agency in Meridian, Idaho, and still looking for additional struggling and well-performing health and nursing care facilities in the Western United States.

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