The Ensign Group Acquires Colorado Home Health Company

DENVER, Dec. 2, 2011 /PRNewswire/ -- The Ensign Group, Inc. (NASDAQ: ENSG), announced today that an Ensign subsidiary has acquired Homecare Solutions, a small home health agency based in Denver, Colorado. The acquisition was effective as of November 22, 2011.

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"We are pleased with the growth and development of our home health businesses thus far, and this lateral diversification broadens Ensign's reach into that business," said Christopher Christensen, Ensign's President and Chief Executive Officer. "More importantly," he added, "the Homecare Solutions acquisition reflects the increasing depth of our long-term commitment to the vibrant Colorado healthcare community and our existing operations there."

Homecare Solutions will be operated by a subsidiary of Cornerstone Healthcare, Inc., Ensign's home health and hospice-based portfolio subsidiary. It joins Horizon Home Health and Hospice, Ensign's existing home health and hospice operation in Idaho, Custom Care Hospice, Ensign's hospice operation in the Dallas, Texas market and Symbii Home Health and Hospice, Ensign's home health and hospice operation in the Salt Lake City, Utah market.   

Ensign purchased the agency with cash, and expects the transaction to be mildly accretive to earnings in 2012. Mr. Christensen reaffirmed that Ensign is actively seeking additional opportunities to acquire both well-performing and struggling long-term and short-term care operations across the United States.

About Ensign™

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 for both long-term residents and short-stay rehabilitation patients at 100 facilities, three hospice companies and four home health businesses in California, Arizona, Texas, Washington, Utah, Idaho, Colorado, Nevada, Iowa and Nebraska. More information about Ensign is available at http://www.ensigngroup.net.

SOURCE The Ensign Group, Inc.

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