The Ensign Group Adds Denver Hospice to Growing Portfolio
The Ensign Group (NASDAQ: ENSG), a western U.S. provider of a variety of senior care services, is expanding its home health care presence with the acquisition of a Colorado hospice company.
The Mission Viejo, California-based company announced Tuesday that is has acquired Namaste Hospice located in Denver. While the transaction terms were not disclosed, the hospice acquisition further expands The Ensign Group’s servicing offerings across the continuum of post-acute care, said Ensign’s President and CEO Christopher Christensen in a written statement.
“Expanding our presence in the Denver area to include hospice, in addition to our skilled nursing, assisted living, and home health operations, fits neatly within our plan for strategic growth,” stated Christensen. “We look forward to increasing our ability to serve the post-acute care needs of the Denver community.”
Namaste will be operated by Cornerstone Healthcare Inc., Ensign’s home health and hospice operating company. Cornerstone’s experience in the Denver area home health market stretches back to 2011, having operated the Medicare certified agency Homecare Solutions since then.
“We are joining with a group of talented caregivers with a reputation for providing exceptional, patient-centered hospice care,” said Cornerstone President and CEO Daniel Walker in a statement. “We are excited to build on that foundation in an effort to provide life-changing hospice services to out patients and their families in the Denver area.”
The purchase, which was made with cash, brings Ensign’s portfolio to ten home health agencies and nine hospices across nine states.
In April, the company acquired Boise, Idaho-based home health and hospice agencies, Life’s Doors Hospice, Life’s Doors Home Health and Life’s Doors Home Care Solutions.
More recently, Ensign announced in May its acquisitions of a 143-unit assisted living community and a 59-bed skilled nursing facility in Rosemead, CA.
To date, the Ensign Group provides home health, hospice, assisted living, skilled nursing, physical, occupational and speech therapies, urgent care services and other rehabilitative healthcare services at 126 facilities, including nine hospice companies, ten home health businesses and ten urgent care clinics.
The facilities are located throughout California, Arizona, Texas, Washington, Utah, Idaho, Colorado, Nevada, Iowa, Nebraska and Oregon.
Written by Jason Oliva