BOUNTIFUL, Utah — The Ensign Group Inc. (NASDAQ: ENSG) has acquired the real estate and operations of South Davis Specialty Care a 95-bed skilled nursing operation, and Western Peaks Specialty Hospital, a 43-bed long-term acute care hospital (LTACH). Both assets are located in Bountiful, approximately 10 miles north of Salt Lake City.
The real estate was acquired by a subsidiary of Standard Bearer Healthcare REIT Inc., Ensign’s captive real estate company.
“This acquisition represents a milestone in our organization, as it is the first acquisition of a long-term acute care hospital in our company’s history,” says Barry Port, Ensign’s CEO. “We have been carefully reviewing this opportunity for some time and believe we have the leadership in place for a successful transition into a new line of business.”
In separate transactions on the same day, Ensign announced that it acquired six other operations, three of which included real estate assets that were acquired by Standard Bearer. An Ensign-affiliated operator will manage all the communities, which include:
- River Park Post Acute and Elmwood Senior Living, a healthcare campus with 66 skilled nursing beds, 45 assisted living units and 119 independent living units located in Chandler, Arizona
- Spencer Post Acute Rehabilitation Center, an 82-bed skilled nursing facility located in Spencer, Iowa
- Hillside Village of De Soto Rehabilitation and Nursing Center, a facility with 49 skilled nursing beds and 38 assisted living units, located in De Soto, Kansas
- Creekview Health and Rehabilitation, a 78-bed skilled nursing facility located in Knoxville, Tennessee
- Foothills Transitional Care and Rehabilitation, a 135-bed skilled nursing facility located in Maryville, Tennessee
- Midlothian Healthcare Center, a 120-bed skilled nursing facility located in Midlothian, Texas
The acquisitions bring Ensign’s growing portfolio to 310 healthcare operations, 29 of which also include senior living operations, across 14 states. Ensign subsidiaries, including Standard Bearer, own 119 real estate assets.