SAN JUAN CAPISTRANO, Calif., July 02, 2025 (GLOBE NEWSWIRE) -- The Ensign Group, Inc. (NASDAQ:ENSG), the parent company of the Ensign™ group of companies, which invest in and provide skilled nursing and senior living services, physical, occupational and speech therapies, other rehabilitative and healthcare services, and real estate, announced today that it acquired the real estate and operations of Timber Springs Transitional Care, a 120-bed skilled nursing facility located in Boise, Idaho. The real estate was acquired by a subsidiary of Standard Bearer Healthcare REIT, Inc., Ensign's captive real estate company, and the facility will be operated by an Ensign-affiliated tenant.
"We are excited to add another quality operation in Idaho to our portfolio," said Barry Port, Ensign's Chief Executive Officer. "Adding this facility to Standard Bearer's growing presence in the northwest is an exciting development for our organization and highlights the growth we are currently experiencing both operationally and with real estate," he added.
Steve Farnsworth, President of Pennant Healthcare LLC, Ensign's northwest subsidiary, added, "This facility is a great fit for our cluster, and we are excited to watch our local leadership work with these caregivers to provide exceptional service and care to our residents and their families."
In a separate transaction on the same day, Standard Bearer, through one of its subsidiaries, acquired the real estate to Duncanville Healthcare and Rehabilitation Center, a 124-bed skilled nursing facility located in Duncanville, Texas. The facility will be operated by a third-party operator and is subject to a long-term triple-net lease.
These acquisitions are effective as of July 1, 2025, and bring Ensign's growing portfolio to 348 healthcare operations, which includes 44 senior living operations, across 17 states. Ensign subsidiaries, including Standard Bearer, own 146 real estate assets. Mr. Port reaffirmed that Ensign is actively seeking opportunities to acquire real estate and to lease both well-performing and struggling skilled nursing, senior living and other healthcare related businesses throughout the United States.
About Ensign™
The Ensign Group, Inc.'s independent operating subsidiaries provide a broad spectrum of skilled nursing and senior living services, physical, occupational and speech therapies and other rehabilitative and healthcare services at 348 healthcare facilities in Alabama, Alaska, Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, Oregon, South Carolina, Tennessee, Texas, Utah, Washington and Wisconsin. More information about Ensign is available at http://www.ensigngroup.net.
Contact Information
The Ensign Group, Inc., (949) 487-9500, [email protected]
SOURCE: The Ensign Group, Inc.
