Breaking Down Ensign’s Home Health and Hospice Spinoff Plans

Mission Viejo, California-based The Ensign Group Inc. (Nasdaq: ENSG) unveiled plans Monday to spin off its home health, hospice and senior living businesses into The Pennant Group, a separate publicly traded company. Expected to close by the end of 2019, the Pennant spinoff will consist of 60 home health and hospice agencies and 51 senior […]

Ensign’s Cornerstone in Buy-Now Mode, CEO Says

Cornerstone Healthcare — the large in-home care provider organization under The Ensign Group Inc. (NYSE: ENSG) umbrella — is actively seeking opportunities to acquire both well-performing and struggling home health, hospice and home care operations across the United States. That’s according to Cornerstone President and CEO Daniel Walker, who hinted at future M&A moves following […]

Ensign CEO: Home Health, Hospice Segment Growth Likely to Outpace Skilled Nursing

The Ensign Group (Nasdaq: ENSG) achieved its highest-ever adjusted earnings per share during the fourth quarter of 2018, the company announced Wednesday. That’s thanks in part to growth and success in the California-based provider’s home health and hospice services segment. Growth within the space will likely outpace that of Ensign’s skilled nursing subset, President and […]

Business Briefs: Ensign Group, Amedisys

The Ensign Group Acquires Home Health and Hospice Operations in Oklahoma City The Ensign Group (NASDAQ: ENSG), parent company of Ensign, said a subsidiary of Cornerstone Healthcare, Ensign’s home health and hospice portfolio subsidiary, acquired Excell Home Care and Hospice and Excell Private Care Services in Oklahoma City. The deal was effective Nov. 1. The move marks Ensign’s entry into Oklahoma. As […]

Business Briefs: Ensign Acquisition, LHC Group

Ensign Group Acquires Nevada Hospice Operations The Ensign Group (Nasdaq: ENSG), the parent company of the Ensign group of skilled nursing, rehabilitative care services, home health care, hospice care and assisted living companies, has acquired a hospice provider serving Southern Nevada through a subsidiary of its home health and hospice portfolio, Cornerstone Healthcare, Inc. The […]

Business Briefs: InnovAge’s For-Profit Conversion

InnovAge Converts to For-Profit to Fund The NextFifty Initiative InnovAge, a Denver, Colorado-based provider of in-home care services, affordable senior housing and other health care and day programs, has finalized an agreement with private equity firm Welsh, Carson, Anderson & Stowe (WCAS) to expand its services and convert from a non-profit entity to a for-profit. […]

Business Briefs: Ensign, Covenant Care Acquisitions

Ensign Group Acquires Iowa Hospice The Ensign Group (NASDAQ: ENSG), which owns and operates a diverse portfolio of senior care service companies, on May 1 acquired the assets of a hospice company in Iowa, the company has announced. Hospice for Wright County now will be owned and operated by Heartland Healthcare Inc., a subsidiary of […]

Home Health Earnings Surge for Ensign

The home health subsidiary of The Ensign Group dramatically increased earnings in the last year and demonstrated the value of home care in the increasingly integrated U.S. healthcare system, the company’s president and chief executive officer said Monday in announcing fourth-quarter results.  Cornerstone Healthcare Inc., the home health and hospice subsidiary of national post-acute provider […]

Ensign Expands Home Health Portfolio Through Idaho Acquisition

The Ensign Group (NASDAQ: ENSG) announced it is expanding its presence as a home health and hospice provider through the recent acquisition of Boise, Idaho-based Life’s Doors Hospice, Life’s Doors Home Health and Life’s Doors Home Care Solutions.  The companies will be operated by Cornerstone Healthcare Inc., Ensign’s home health and hospice operating company.  “We […]