HOUSTON-The Ensign Group Inc. has acquired Silver Springs Healthcare Center, a 144-bed skilled nursing facility in Houston, along with Heritage Gardens Healthcare Center, a 140-bed skilled nursing facility in Carrollton, TX.

Headquartered in Mission Viejo, CA, the publicly-traded company made the purchase in cash, according to a press release. With the acquisition, the Ensign Group now owns and operates 17 facilities in Texas.

The two Texas facilities were acquired from a well-regarded long-term care operator that had operated them for several years. At the time of acquisition, the facilities had a combined occupancy rate of 76%.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.