Archive for February 20th, 2015

The Ensign Group Completes Acquisition of Shea Family Care in San Diego, California

Friday, February 20th, 2015

Beginning early last year we started to hear more chatter regarding mergers and acquisitions, or “M&A”, within the senior housing and rehabilitation industry. Perhaps some of our readers have noticed that several nursing homes, assisted living facilities, and hospices have changed their names, or the logo at the front entrance? We certainly have in our market. Headline articles substantiate this trend.

Senior Housing News, just release an article titled “The Top 10 Senior Housing Trends for 2015”. Topping the list was “M&A Accelerates As Efficiencies Are Needed for Shareholder Returns”. A survey conducted by GE Capital reports: “Spurred by changes in the post-acute environment and improving industry fundamentals, U.S. senior housing and care investors and providers are aggressively pursuing a variety of expansion strategies.”

Local M&A activity in our marketplace is demonstrated by the actual press release from The Ensign Group, INC., a prestigious, publicly traded corporation headquartered in Southern California:

MISSION VIEJO, Calif., Dec. 3, 2014 (GLOBE NEWSWIRE) — The Ensign Group, Inc. (Nasdaq:ENSG), the parent company of the Ensign™ group of skilled nursing, rehabilitative care services, home health care, hospice care, home care, assisted living and urgent care companies, announced today that it completed its previously announced acquisition of nine skilled nursing and assisted living operations, a home health agency and a private home care business from Shea Family Care, the largest provider of a complete continuum of post-acute healthcare services in the San Diego market.

The acquisition was effective on December 1, 2014 and adds 643 skilled nursing beds and 68 assisted living beds across 9 operations, a Medicare and Medi-Cal certified home health agency and a private-pay home care business, all located in San Diego County, California.

“We are very pleased to have completed this significant transaction and we welcome a wonderful team of caregivers to the Ensign family,”

“Our strategic expansion in the San Diego market allows us to serve the full continuum of post-acute care needs of San Diegans, whether that care takes place in our facilities or their homes,” said Christopher Christensen, Ensign’s President and Chief Executive Officer. “Providing this full range of services,” Christensen continued, “gives us a unique opportunity to improve outcomes and reduce rehospitalization rates for those patients who entrust us with their care.”

The management and staff of All Points Assisted Transportation wish to congratulate the Ensign Group on their recent acquisitions, and welcome their expanded presence into the San Diego area.