Ensign Group Closes Acquisition Of Shea Family Care In San Diego, California

(RTTNews) - The Ensign Group, Inc. (ENSG), the parent company of the Ensign Group of skilled nursing, rehabilitative care services, home health and hospice care, home care, assisted living, and urgent care companies, announced that it acquired Guardian Angel Hospice, a Medicare and Medi-Cal certified hospice agency located in San Diego, California.

This acquisition was completed concurrent with Ensign's previously announced acquisition of nine skilled nursing and assisted living operations, a home health agency and a private home care business from Shea Family Care, the largest provider of a complete continuum of post-acute healthcare services in the market.

The company said all three operations will be held by Cornerstone Healthcare, Inc., Ensign's home health and hospice operating company, and, acknowledging maritime history, will operate under the names "Seaport Home Health," "Seaport Hospice," and "Safe Harbor Home Care."

The purchase was made with cash, and brings Ensign's growing portfolio to twelve home health agencies ten hospice agencies and two home care businesses across nine states. Ensign expects the operations to be operationally accretive to earnings in 2015.