The Ensign Group, Inc. (ENSG: Quote), said Thursday that it has acquired the underlying real estate and other operating assets of Atlantic Memorial Healthcare Center, a 104-bed skilled nursing facility, and Shoreline Healthcare Center, a 75-bed skilled nursing facility. Both the acquired facilities are located in Long Beach, California.
Subsidiaries of Ensign have been operating the facilities since July of 2002 under leases with an option to purchase. The acquisitions were effective September 18, 2012 and September 20, 2012, respectively.
The company noted that the purchases were made with cash and bring Ensign's portfolio to 107 healthcare facilities, 85 of which are Ensign-owned, four hospice companies and six home health businesses across 11 states. Ensign affiliates hold purchase options on two of its 22 leased facilities.
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by RTT Staff Writer
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