May 6, 2019
MISSION VIEJO, CA–The Ensign Group, Inc. (NASDAQ: ENSG), the parent company of the Ensign™ group of killed nursing, rehabilitative care services, home health care, hospice care, medical transportation, and assisted living companies, announced today that a subsidiary of Cornerstone Healthcare, Inc., Ensign’s home health and hospice portfolio subsidiary, had acquired the assets of Resolutions Hospice, which operates hospice agencies in Austin and Houston, TX. The acquisition was effective May 1, 2019.
“Texas continues to present many opportunities for growth in each of our service lines,” said Christopher Christensen, Ensign’s President and Chief Executive Officer. “Through disciplined and strategic growth, we have been fortunate to develop a strong presence throughout the state of Texas, and this acquisition presents an excellent opportunity to expand our continuum of care by providing hospice services in the Austin and Houston markets. We could not be more pleased with the team of caregivers, the legacy of service, and the potential Resolutions brings to our organization.”
“We are grateful to have the privilege of continuing Resolution Hospice’s tradition of honoring life with the best care possible,” said Daniel Walker, Cornerstone’s President and Chief Executive Officer. “The Resolutions Hospice team has built a reputation for exceptional, patient-centered hospice care. We look forward to building upon that reputation as we seek to provide life changing service in these key Texas markets.”
In separate transactions on the same day, Ensign announced that it acquired the operations of four facilities in California, including The Hills Post Acute in Santa Ana, St. Elizabeth Healthcare and Rehabilitation in Fullerton, Villa Maria Post Acute in Santa Maria, and Mainplace Post Acute in Orange, as well as the operations of two campuses located in Peoria, Arizona and Mesa Arizona, respectively. Each of these acquisitions were also effective May 1, 2019.
With the acquisition, Cornerstone subsidiaries now operate 25 home health operations, twenty-six hospice operations, and nine home care operations across twelve states.
Walker reaffirmed 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.
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 254 healthcare facilities, 26 hospice agencies, 25 home health agencies and nine home care businesses in California, Arizona, Texas, Washington, Utah, Idaho, Colorado, Nevada, Iowa, Nebraska, Oregon, Wisconsin, Kansas, South Carolina, Oklahoma, and Wyoming.