Ensign Group Acquires Arizona, California Home Health Operations.
M2 EQUITYBITES-August 24, 2015-Ensign Group Acquires Arizona, California Home Health Operations
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24 August 2015 - US-based health services provider The Ensign Group, Inc.'s (NASDAQ: ENSG) Cornerstone Healthcare, Inc. home health and hospice portfolio subsidiary has acquired Apismellis Homecare, a Medicare and Medicaid certified home health agency serving the communities of Lake Havasu City, Bullhead City, and Parker, Arizona, and Big River, California, Ensign said.
The company expects the operations to be accretive to earnings in 2015.
With the acquisition, Cornerstone subsidiaries now operate 15 home health operations, 13 hospice operations and three home care operations in nine western states.
Cornerstone is actively seeking additional opportunities to acquire both well-performing and struggling home health, hospice, and home care operations across the United States.
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, urgent care services and other rehabilitative and healthcare services.
The company operates through 178 facilities, thirteen hospice agencies, fifteen home health agencies, three home care businesses and seventeen urgent care clinics in California, Arizona, Texas, Washington, Utah, Idaho, Colorado, Nevada, Iowa, Nebraska, Oregon and Wisconsin.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Aug 24, 2015|
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