Ensign Group Expands with Toluca Lake Transitional Care Acquisition
Deal News | Jun 02, 2025 | Globenewswire
The Ensign Group, Inc. has recently enhanced its portfolio with the acquisition of multiple skilled nursing facilities, including Toluca Lake Transitional Care in North Hollywood, California. The acquisition also involved facilities in Idaho - Ironwood Rehabilitation and Care Center and Lakeside Rehabilitation and Care Center. Notably, the real estate for the California facility will be acquired by Standard Bearer Healthcare REIT, Inc., a subsidiary of Ensign, pending regulatory approval. This move reflects Ensign's strategy to grow operations in one of its most promising markets. As of June 1, 2025, these acquisitions have increased Ensign's portfolio to 347 healthcare operations across 17 states. The transaction underscores Ensign's commitment to acquire both successful and underperforming healthcare businesses in the U.S., aligning with its vision for robust growth and expanded healthcare services.
Sectors
- Healthcare
- Real Estate
Geography
- United States – The operations and acquisitions discussed in the article are based in several states across the United States, including California and Idaho.
- California – The acquisition of Toluca Lake Transitional Care is specifically located in North Hollywood, California.
- Idaho – Two of the acquired facilities, Ironwood Rehabilitation and Care Center and Lakeside Rehabilitation and Care Center, are located in Coeur d'Alene, Idaho.
Industry
- Healthcare – The article relates to the acquisition and operation of skilled nursing facilities, which are a fundamental component of the healthcare industry.
- Real Estate – The involvement of Standard Bearer Healthcare REIT, Inc. highlights the real estate transactions that are part of the acquisitions, indicating a focus on healthcare-related real estate assets.
Financials
- 8 facilities – The total number of facilities acquired by Ensign Group, including Toluca Lake Transitional Care, Ironwood Rehabilitation and Care Center, and Lakeside Rehabilitation and Care Center.
Participants
Name | Role | Type | Description |
---|---|---|---|
The Ensign Group, Inc. | Acquiring Company | Company | A company providing skilled nursing and senior living services, physical, occupational and speech therapies, and other healthcare services. |
Toluca Lake Transitional Care | Target Company | Company | A 52-bed skilled nursing facility located in North Hollywood, California. |
Standard Bearer Healthcare REIT, Inc. | Real Estate Acquirer | Company | An Ensign subsidiary responsible for acquiring real estate assets related to healthcare facilities. |
Providence Home and Community Care | Selling Company | Company | The company from which Ensign acquired the facilities, including Toluca Lake Transitional Care. |
Ironwood Rehabilitation and Care Center | Target Company | Company | An 80-bed skilled nursing facility located in Coeur d'Alene, Idaho. |
Lakeside Rehabilitation and Care Center | Target Company | Company | A 100-bed skilled nursing facility located in Coeur d'Alene, Idaho. |