The Ensign Group shares were off over 1% Monday morning after the nursing care facilities company said it has acquired the real estate and operations of three skilled nursing, and one intermediate care facilities in Idaho and Utah. Financial terms were not disclosed.
The facilities include Meadow View Nursing and Rehabilitation, a 112-bed skilled nursing facility in Nampa, Idaho;
Utah Valley Healthcare and Rehabilitation, a 99-bed skilled nursing facility in Provo, Utah; Heritage Park Healthcare and Rehabilitation, a 115-bed skilled nursing facility in Roy, Utah; and Wide Horizons Intermediate Care Facility, an 83-bed intermediate care facility for individuals with intellectual disability in Ogden, Utah. The acquisitions occurred across multiple closings with effective dates of May 1 for Meadow View and Utah Valley, and June 1 for Heritage Park and Wide Horizons. The average occupancy rate at the time of acquisition was 82%.