The Ensign Group acquired Rehabilitation and Nursing Center of the Rockies to further strengthen its position in the skilled nursing and senior living sector in Colorado.
The facility, a 96-bed skilled nursing facility based in Fort Collins, Colo., was acquired along with its operations and real estate by a subsidiary of Standard Bearer Healthcare REIT, Ensign’s captive real estate company.
The acquisition aligns with Ensign’s strategic growth plans, the company said.
Ensign also completed separate transactions to acquire Belmont Terrace, a 95-bed skilled nursing facility in Bremerton, Wash., and Puget Sound Transitional Care, a 125-bed skilled nursing facility in Des Moines, Wash.
Additionally, Ensign acquired the real estate of Avamere Rehabilitation at Ridgemont and The Villas at Ridgemont, a post-acute care retirement campus with 96 licensed skilled nursing beds and 46 independent living units located in Port Orchard, Wash.. This campus will be operated by an affiliate of Avamere Group, under a long-term, triple net lease with Standard Bearer, Skilled Nursing News reports. Read more.
