Headquartered in San Juan Capistrano, CA Fiscal year ends December NASDAQ: ENSG ensigngroup.net
The Ensign Group, Inc. is a holding company whose independent subsidiaries provide post-acute healthcare services, primarily through skilled nursing and senior living facilities. The company operates 418 healthcare facilities across 18 states (Alabama, Alaska, Arizona, California, Colorado, Florida, Idaho, Iowa, Kansas, Nebraska, Nevada, Oregon, South Carolina, Tennessee, Texas, Utah, Washington, and Wisconsin), 34 of which also include senior living operations. Through its Standard Bearer real estate segment, Ensign owns 189 real estate assets, 150 of which are operated by Ensign affiliates, generating rental income under triple-net, long-term leases. The company's subsidiaries also provide ancillary services including physical, occupational, and speech therapies, mobile x-ray, emergency and non-emergency transportation, long-term care pharmacy, and consulting services. Ensign's growth strategy centers on acquiring underperforming skilled nursing operations, improving clinical quality and operational performance through a decentralized management model, and expanding its real estate portfolio. Each facility is operated by a separate independent subsidiary with its own management, employees, and assets. Updated
Management raised full-year adjusted EPS guidance to $7.94 to $8.02, even with quarterly revenue missing expectations. The shortfall traces to newly acquired low-occupancy facilities, not demand at mature homes.
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The Ensign Group, Inc. is a holding company whose independent subsidiaries provide post-acute healthcare services, primarily through skilled nursing and senior living facilities.
24/7 Wall St.'s 12-month price target for ENSG is $229.41, rated Buy. The Wall Street consensus target is $225.80. ENSG price prediction →
