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Ensign Group Acquires Excell Home Health/Hospice Assets to Enter Oklahoma Market.

M2 EQUITYBITES-November 13, 2017-Ensign Group Acquires Excell Home Health/Hospice Assets to Enter Oklahoma Market

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13 November 2017 - A subsidiary of Idaho, US-based home health and hospice service provider Cornerstone Healthcare, Inc. has acquired the assets of Oklahoma, US-based Excell Home Care and Hospice and Excell Private Care Services to establish a presence in the Oklahoma market, the company said.

Terms of the transaction were not disclosed.

Cornerstone operates as a home health and hospice portfolio subsidiary of California, US-based post-acute care provider The Ensign Group, Inc. (NASDAQ: ENSG).

The Ensign Group, Inc. is the parent company of the Ensign group of skilled nursing, rehabilitative care services, home health care, hospice care, medical transportation, and assisted living companies.

With the acquisition, Cornerstone subsidiaries now operate 20 home health operations, twenty-two hospice operations, and four home care operations across eleven states.

The Ensign Group, Inc.'s independent operating subsidiaries provide skilled nursing and assisted living services, physical, occupational and speech therapies, home health and hospice services and other rehabilitative and healthcare services at 230 healthcare facilities, 22 hospice agencies, 20 home health agencies and four home care businesses in California, Arizona, Texas, Washington, Utah, Idaho, Colorado, Nevada, Iowa, Nebraska, Oregon, Wisconsin, Kansas, Oklahoma and South Carolina, US.

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Publication:M2 EquityBites (EQB)
Geographic Code:1U7OK
Date:Nov 13, 2017
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