Skilled Nursing News May 2, 2024
Acquisitions and the federal nursing home staffing mandate were top of mind for leaders of Ensign Group (Nasdaq: ENSG), with CEO Barry Port suggesting that the highly contested national staffing rule may be overturned in federal court or thrown out altogether.
“We’re encouraged to see bipartisan support in the legislature that could result in this rule being overturned or significantly altered,” Port said during the company’s quarterly earnings call on Thursday. And, a three-year runway on top of numerous upcoming elections could alter what the industry will have to adhere to ultimately when it comes to minimum staffing levels, he said.
Executives also discussed the slew of acquisitions for the REIT recently. Ensign added seven properties to its portfolio, with...
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