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Ensign Group Makes 2 Acquisitions

Mission Viejo’s the Ensign Group Inc. (Nasdaq: ENSG), today bought two healthcare facilities in the Dallas and Phoenix areas.

It acquired the real estate and operations of Rockbrook Memory Care, a 52-unit memory care community in Lewisville, Texas.

Ensign said the care center was underperforming with an average occupancy rate of approximately 40% at the time of acquisition.

It also bought Phoenix Mountain Post Acute, a 130-bed skilled nursing facility from Bandera Healthcare Inc.

Terms of the acquisitions weren’t disclosed.

Separately, CareTrust REIT Inc. (Nasdaq: CTRE), a San Clemente-based owner of healthcare facilities, said it completed a previously disclosed $211 million multi-asset acquisition.

The transaction grows CareTrust’s existing real estate holdings by 12 properties with 1,734 beds or units and adds over $19 million in annual revenue.

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Peter J. Brennan
Peter J. Brennan
With four decades of experience in journalism, Peter J. Brennan has built a career that spans diverse news topics and global coverage. From reporting on wars, narcotics trafficking, and natural disasters to analyzing business and financial markets, Peter’s work reflects a commitment to impactful storytelling. Peter’s association with the Orange County Business Journal began in 1997, where he worked until 2000 before moving to Bloomberg News. During his 15 years at Bloomberg, his reporting often influenced financial markets, with headlines and articles moving the market caps of major companies by hundreds of millions of dollars. In 2017, Peter returned to the Orange County Business Journal as Financial Editor, bringing his heavy business industry expertise. Over the years, he advanced to Executive Editor and, in 2024, was named Editor-in-Chief. Peter’s work has been featured in prestigious publications such as The New York Times and The Washington Post, and he has appeared on CNN, CBC, BBC, and Bloomberg TV. A Kiplinger Fellowship recipient at The Ohio State University, he leads the Business Journal with a dedication to uncovering stories that matter and shaping the local business community and beyond.
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