Skilled Nursing News October 25, 2024
Ensign Group’s (Nasdaq: ENSG) strong quarterly earnings were fueled by solid operational performance at transitioned facilities. Encouraged by recent acquisition success, executives said they plan to expand into new states while prioritizing growth in existing markets.
“We’re particularly impressed with these results given that we’ve added 53 new operations across several markets in our recently acquired bucket, and yet, our leaders and resource teams have shown their strength by simultaneously integrating these new operations into their clusters while achieving outstanding results in our own operations,” Barry Port, CEO of Ensign, said during the company’s quarterly earnings call on Friday.
The acquisition strategy for the California-based real estate investment trust (REIT) focuses on guidance from its current partners.
“Our model [relies]...
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