The Ensign Group, Inc. announced the acquisition of the real estate and operations of Mesquite Post Acute Care, a 120-bed skilled nursing facility located in Lubbock, Texas. The real estate was acquired by a subsidiary of Standard Bearer Healthcare REIT, Inc., Ensign’s captive real estate company, with the acquisition effective as of February 1, 2025.
In a separate transaction effective January 31, 2025, Standard Bearer acquired the real estate for four additional skilled nursing and assisted living facilities in Texas: Beacon Harbor Healthcare & Rehabilitation (190 beds), Pleasant Manor Healthcare & Rehabilitation (126 beds), Crestwood Health & Rehabilitation Center (112 skilled nursing beds, 36 assisted living units), and Rowlett Health & Rehabilitation Center (150 beds). These facilities had been operated by Ensign affiliates for the past five years under third-party leases.
These acquisitions bring Ensign's growing portfolio to 334 healthcare operations across 15 states, with 30 also including senior living operations. Ensign subsidiaries, including Standard Bearer, now own 134 real estate assets, demonstrating a deepening commitment to its Texas market and a strategic shift towards owning previously leased properties.
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