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Ogden — The Ensign Group, Inc., the parent company of the Ensign group, has acquired Mt. Ogden Health & Rehabilitation Center, a 108-bed skilled nursing facility in Ogden. An Ensign subsidiary has been operating the facility since July 2006 under a sublease arrangement with the ground lessee. The underlying ground lease has a remaining term of 40 years with the ability to extend the term further. The acquisition was effective May 7.
"This is our fourth addition to Ensign's real estate portfolio since Ensign announced its plans to separate substantially all of the real estate from its operating business," said Christopher Christensen, Ensign's president and CEO. He also added that these recent acquisitions are just the beginning of Ensign's execution of its strategy following the spin-off, which is to continue to acquire and retain the real estate assets for both well-performing and struggling skilled nursing facilities across the United States.
Ensign purchased the facility with cash and will retain ownership of the real estate it acquired in this transaction and the other acquisitions it has recently completed or plans to complete in 2014.
Ensign's portfolio includes 122 healthcare facilities, eight hospice companies, ten home health agencies and eleven urgent care clinics across 11 states.