Transactions

The Ensign Group Acquires Home Health and Hospice Operations in San Antonio, Texas

March 6, 2019

MISSION VIEJO, CA–The Ensign Group, Inc. (NASDAQ: ENSG), the parent company of the Ensign™ group of skilled 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 All County Home Care and Hospice in Boerne, Texas effective March 1, 2019.

“All County is a strategic addition to Cornerstone’s home health and hospice operations,” said Christopher Christensen, Ensign’s President and Chief Executive Officer. “This acquisition supplements our vibrant skilled-nursing operations in the Greater San Antonio area with a high-quality home health and hospice partner. This expanded continuum will improve outcomes for patients throughout the San Antonio area.”

“All County Home Care and Hospice has set a standard for quality care in South Texas,” said Daniel Walker, Cornerstone’s President and Chief Executive Officer. “We are honored to continue that legacy,” Walker continued, “by partnering with All County’s talented clinical and professional staff to provide life-changing home health and hospice services.”

With the acquisition, Cornerstone subsidiaries now operate twenty-four home health operations, twenty-five hospice operations, and seven 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 246 healthcare facilities, twenty-five hospice agencies, twenty-four home health agencies and seven home care businesses in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, Oklahoma, Oregon, South Carolina, Texas, Utah, Washington, Wisconsin, and Wyoming.

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