Market Overview

Ensign Group Acquires Legacy Rehabilitation and Living

The Ensign Group (NASDAQ: ENSG), the parent company of the Ensign™ group of skilled nursing, rehabilitative care services, hospice care, assisted living and urgent care companies, announced today that it has acquired Legacy Rehabilitation and Living, a 150-bed skilled nursing facility located in Amarillo, Texas. The asset acquisition was effective on Friday, March 1, 2013.

"We are anxious to build on Legacy's outstanding reputation for quality care and patient outcomes," said Rick Forscutt, President of Keystone Care, Inc., a subsidiary of which will operate Legacy Rehabilitation and Living. "We admire the great work done by the former owners and the incredible team of caregivers, and look forward to working together as we continue to strengthen their partnerships with patients and families to provide superior care," he added.

"We are excited to extend our growing footprint in Texas, and look forward to being a solid contributor to Amarillo's vibrant healthcare community," said Christopher Christensen, Ensign's President and Chief Executive Officer. Noting that the facility has an excellent clinical history, a well-known care team and an excellent reputation in the community, he called it "the perfect facility to establish Ensign's presence in Amarillo."

Mr. Christensen

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Posted-In: News Guidance Contracts Management M&A

 

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