Ensign Group Acquires Skilled Nursing Facility in Tennessee

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The Ensign Group ($NASDAQ:ENSG), Inc. (ENSG) has recently announced the acquisition of a skilled nursing facility located in Nashville, Tennessee. This is the sixth facility acquired by ENSG in the state of Tennessee and is part of its growing portfolio of healthcare services. ENSG is a leading provider of post-acute care services and comprehensive real estate investments in the United States. ENSG also provides a wide range of services, including skilled nursing, assisted living, home health, hospice, and telehealth services. The new acquisition will add to ENSG’s presence in the state of Tennessee and contribute to the company’s growth and expansion strategy.

The facility is expected to provide high-quality healthcare services to the region and improve access to healthcare services for those in need. With this acquisition, The Ensign Group has further strengthened its commitment to providing top-notch healthcare services to the people of Tennessee. This is yet another example of the company’s commitment to providing excellent care and expanding its presence in the state.

Price History

On Tuesday, the Ensign Group announced the acquisition of a skilled nursing facility in Tennessee. The news sent Ensign Group stock soaring, with shares opening the day at $112.0 and closing at an impressive $114.6; representing a 2.2% increase from its previous closing price of $112.2. This purchase marks the latest in a series of acquisitions made by the Ensign Group in recent years, continuing the company’s expansion into the healthcare space. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

Some of the financial key ratios for Ensign Group are shown below. More…

Analysis

GoodWhale has conducted an analysis of ENSIGN GROUP‘s financials, and concluded that the company has a strong position in terms of its cashflows, debt, dividend, growth, and profitability. On our Star Chart, ENSIGN GROUP has a high health score of 8/10, indicating that it is capable to pay off debt and fund future operations. Given ENSIGN GROUP’s strong financial standing and competitive advantage, we believe that investors interested in investing in established companies with sustainable growth potential would be drawn to this company. Investors seeking long-term growth should consider ENSIGN GROUP for their portfolio as it could provide them with a stable return while also having the potential for growth. Additionally, investors interested in dividend may also be interested in ENSIGN GROUP as it has a strong track record in this area. More…

Peers

The company has a strong focus on quality and customer satisfaction. Ensign Group Inc competes with Nova Leap Health Corp, Extendicare Inc, and Oceania Healthcare Ltd in the provision of health care services. All these companies have a strong focus on quality and customer satisfaction.

However, Ensign Group Inc has a differentiated business model that has enabled it to achieve a competitive advantage in the market.

– Nova Leap Health Corp ($TSXV:NLH)

Nova Leap Health Corp is a Canadian company that provides home health care services. The company has a market cap of 24.97M and a ROE of 1.6%. Nova Leap is a provider of home health care services that offers a wide range of services to its clients, including personal care, companionship, homemaking, and respite care. The company has a strong focus on providing quality care to its clients and has a team of experienced and qualified caregivers. Nova Leap is dedicated to providing its clients with the best possible care and service, and to making a positive difference in their lives.

– Extendicare Inc ($TSX:EXE)

Extendicare Inc is a Canadian health care provider specializing in the provision of long-term care services, retirement living accommodations, and assisted living facilities. As of December 31, 2020, the Company operated a total of 235 long-term care homes with 27,936 beds, including 206 homes and 26,268 beds in Canada and 29 homes and 1,668 beds in the United States. The Company also operated 11 retirement living communities with 2,005 units, including 10 communities and 1,959 units in Canada and one community with 46 units in the United States.

– Oceania Healthcare Ltd ($NZSE:OCA)

Oceania Healthcare Ltd focuses on providing healthcare services in New Zealand and Australia. The company has a market capitalization of 599.78 million as of 2022 and a return on equity of 5.06%. Oceania Healthcare Ltd provides services to residents in aged care, mental health, and disability sectors. The company has a strong presence in New Zealand with over 60% of its total assets located in the country.

Summary

The Ensign Group is a healthcare services and management company that operates post-acute healthcare facilities, primarily in the United States. Its recent investment in a skilled nursing facility in Tennessee is an indication of the company’s plans for growth. The company’s dividend yield is also healthy at 4%. The company has a solid balance sheet with minimal debt and strong cash flow.

ENSG’s P/E ratio is below the industry average, indicating that the stock may be undervalued. Overall, the Ensign Group’s investing prospects look attractive.