CHARLESTON and HANAHAN, S.C. — The Ensign Group Inc. (NASDAQ: ENSG) has acquired the operations of Ashley River Healthcare, a 125-bed skilled nursing facility in Charleston, and The Reserve Healthcare and Rehabilitation, a 135-bed skilled nursing facility in Hanahan.
These acquisitions were effective Sept. 1, and will be subject to a long-term, triple-net lease.
“These buildings present a great geographical and strategic fit within this particular market,” says Barry Port, Ensign’s CEO.
These acquisitions bring Ensign’s portfolio to 295 healthcare operations, 26 of which also include senior living operations, across 13 states. Ensign subsidiaries, including Standard Bearer, now own 112 real estate assets.