Key Developments For The Ensign Group, Inc.
The Ensign Group, Inc. (ENSG.O) (Nasdaq)
The Ensign Group, Inc. Secures $40 Million Loan From GE Capital, Healthcare Financial Services
The Ensign Group, Inc. announced that a group of its real estate holding subsidiaries has placed mortgages on six of the Company's 27 unencumbered properties to secure a $40 million five-year term loan from GE Capital's Healthcare Financial Services business. The new loan carries a five-year term, with a combination of LIBOR-based fixed-rate and floating-rate interest provisions that apply over the loan term.
The Ensign Group, Inc. Reaffirms FY 2009 Outlook
The Ensign Group, Inc. announced that for fiscal 2009, it continues to expect revenue guidance of $536 million to $541 million, and earnings guidance of $1.58 per share to $1.63 per share. According to Reuters Estimates, analysts on an average are expecting the Company to report revenue of $540 million and earnings per share (EPS) of $1.58 for the same period.
The Ensign Group, Inc. Announces Acquisitions
The Ensign Group, Inc. announced that it has acquired Golden Acres, an operating skilled nursing and independent living campus, as well as a separate hospice business, both in Dallas, Texas. The acquisition was effective October 1, 2009. Terms were not disclosed. Ensign also announced that it has it has acquired three Utah skilled nursing facilities, South Valley Care Center in West Jordan, a suburb of Salt Lake City, Rock Canyon Rehab & Care Center in Provo, and Castle Country Care Center in Price. The acquisitions were effective October 1, 2009.
The Ensign Group, Inc. Declares Quarterly Dividend
The Ensign Group, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.045 per share of Ensign common stock, payable on or before October 31, 2009 to shareholders of record as of September 30, 2009.
The Ensign Group, Inc. Lowers FY 2009 Revenue Guidance; Reaffirms FY 2009 EPS Guidance
The Ensign Group, Inc. revised its fiscal 2009 annual revenue guidance by $7 million, to $536 to $541 million. However, the Company reaffirmed its previously published net income guidance of $1.58 per share to $1.63 per share for fiscal 2009. According to Reuters Estimates, analysts on an average were expecting the Company to report EPS of $1.58 on revenue of $545 million for the same period.
