Ensign Group Acquires 32-Bed Skilled Nursing Facility In Gilbert, Arizona; Also Buys 58-Bed Skilled Nursing Facility In Aurora, Colorado; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Ensign Group has acquired two skilled nursing facilities: a 32-bed facility in Gilbert, Arizona, and a 58-bed facility in Aurora, Colorado. The real estate was acquired by Standard Bearer Healthcare REIT, Inc., Ensign's captive real estate company. The acquisitions were effective as of June 1, 2024.
June 04, 2024 | 10:03 am
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Ensign Group has expanded its portfolio by acquiring two skilled nursing facilities, which could enhance its revenue and market presence in the healthcare sector.
The acquisition of two skilled nursing facilities is likely to positively impact Ensign Group's revenue and market presence. The real estate acquisition by its subsidiary, Standard Bearer Healthcare REIT, further strengthens its asset base.
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