Ensign Group Inc Acquires Two Washington Healthcare And Senior Housing Facilities

Wednesday, 1 May 2013 06:15am EDT 

Ensign Group Inc announced that it acquired Cascade Vista and its sister facility Cascade Plaza, both located in Redmond, Washington. The acquisition will be effective as of May 1, 2013. Cascade Vista, a 110-bed skilled nursing facility will be operated by a subsidiary of Pennant Healthcare, Inc., Ensign's Northwest-based portfolio subsidiary. Cascade Plaza, a 90-unit assisted living will be operated by a subsidiary of Bridgestone Living, Inc., Ensign's assisted living-based portfolio subsidiary. In a separate transaction on the same day, an Ensign subsidiary also acquired Omaha Nursing Center, a well-regarded skilled nursing facility based in Omaha, Nebraska. Omaha Nursing will be operated by a subsidiary of Gateway Healthcare, Inc., Ensign's Nebraska-based portfolio subsidiary. The purchases were made with cash and bring Ensign's growing portfolio to 116 healthcare facilities, 93 of which are Ensign-owned, seven hospice companies and nine home health businesses across 11 states. Ensign affiliates hold purchase options on two of its 23 leased facilities. Financial terms of the transaction were not disclosed. 

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