The Ensign Group Acquires Hospice Operations in Southern Nevada


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


MISSION VIEJO, Calif., Sept. 28, 2017 (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, and assisted living companies, announced today that on September 1, 2017, a subsidiary of Cornerstone Healthcare, Inc., Ensign's home health and hospice portfolio company, acquired Comfort Hospice Care, a hospice provider serving Las Vegas, Pahrump, and surrounding communities in Southern Nevada.   

"Comfort Hospice Care is a strategic addition to Cornerstone's hospice operations," said Christopher Christensen, Ensign's President and Chief Executive Officer. "It adds to our existing assisted living operations in Las Vegas, and expands our footprint outside of the Las Vegas metro area to provide care in rural areas across Southern Nevada." 

"We are excited to partner with Comfort's clinical and professional staff and community partners in building a world-class hospice team in Las Vegas and throughout Southern Nevada," said Daniel Walker, Cornerstone's President.  "We are passionate about providing life changing hospice services, and we look forward to establishing Comfort as the provider and employer of choice in Las Vegas and all of Southern Nevada."

With the acquisition, Cornerstone subsidiaries now operate twenty-two hospice operations, eighteen home health operations, and three home care operations in ten western states. Mr. Walker affirmed that Cornerstone is actively seeking additional opportunities to acquire both well-performing and struggling home health, hospice, and home care operations across the United States.

About Ensign™

The Ensign Group, Inc.'s independent operating subsidiaries provide a broad spectrum of skilled nursing and assisted living services, physical, occupational and speech therapies, home health and hospice services and other rehabilitative and healthcare services at 229 healthcare facilities, twenty-two hospice agencies, eighteen home health agencies and three home care businesses in California, Arizona, Texas, Washington, Utah, Idaho, Colorado, Nevada, Iowa, Nebraska, Oregon, Wisconsin, Kansas and South Carolina. More information about Ensign is available at http://www.ensigngroup.net.

CONTACT: The Ensign Group, Inc., (949) 487-9500, ir@ensigngroup.net


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Posted In: NewsM&APress Releases