Nov
04

Columbia Nursing Home Sold

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nursing homeThe Ensign Group, Inc., the parent company of the Ensign™ group of skilled nursing, rehabilitative care services, home health care, hospice care, assisted living and urgent care companies, announced today that its subsidiaries acquired the operations and real estate of Millennium Post Acute Rehabilitation, a 125-bed skilled nursing facility in West Columbia, South Carolina. The acquisition was effective November 1, 2015.

“We are excited to extend our growing footprint into South Carolina, and look forward to being a solid contributor to Columbia’s vibrant healthcare community,” said Christopher Christensen, Ensign’s President and Chief Executive Officer. Noting the operation has an outstanding clinical reputation and an excellent team of clinicians, Mr. Christensen added that “this operation is the perfect foundation to establish Ensign’s presence on the East Coast.”

“We are honored to welcome this devoted team into the Ensign family and we are excited to work together to deliver the highest quality of care possible to our patients and the healthcare community,” said Steve Powell, President of Hopewell Healthcare, Inc., Ensign’s new East Coast-based portfolio subsidiary. Mr. Powell also added that the response in Columbia to Ensign’s acquisition of the operation has been very positive and that he expects Millennium, which had an occupancy rate of approximately 78% at acquisition, to be mildly accretive to earnings in 2016.

 

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