Ensign Group Acquires Washington Home Health Company
The Ensign Group (NASDAQ: ENSG) announced in early January it has acquired home health care company Puget Sound Home Health Care, based in Tacoma, Washington. The acquisition will allow the Ensign Group to broaden its service offerings in the Puget Sound area, the company said.
“This acquisition broadens Ensign’s existing operational base in the important south Puget Sound market,” said Christopher Christensen, Ensign’s President and Chief Executive Officer. “The combination of this agency along with Ensign’s existing operations in the Seattle area further enhances our ability to continue to provide high quality healthcare services to the markets we serve and strengthens our existing operating synergies.”
The company will be operated under Ensign’s home health and hospice portfolio, Paragon Healthcare. Full terms of the deal were not disclosed, but the purchase was made with cash and brings Ensign’s portfolio to 108 health case facilities including six hospice companies and seven home health businesses.
Written by Elizabeth Ecker