The Ensign Group, Inc. announced several acquisitions in Wisconsin, effective November 1, 2024. Through subsidiaries of Standard Bearer Healthcare REIT, Inc., Ensign acquired the real estate for four assisted living and memory care facilities in Green Bay and Appleton, Wisconsin.
These facilities, including Marla Vista Assisted Living (40 assisted living, 20 memory care beds), Marla Vista Manor (20 memory care beds), Carrington Assisted Living (20 assisted living beds), and Carolina Assisted Living (45 assisted living beds), will be operated by affiliates of The Pennant Group, Inc. under long-term triple net leases.
In a separate transaction on the same day, Ensign acquired the real estate and operations of Benedictine Living Community Wausau, an 82-bed skilled nursing facility in Wausau, Wisconsin. The real estate for this facility was also acquired by a subsidiary of Standard Bearer.
These acquisitions bring Ensign's growing portfolio to 325 healthcare operations across fourteen states, with 30 also including senior living operations. Ensign subsidiaries, including Standard Bearer, now own 128 real estate assets, reinforcing the company's integrated real estate and operations strategy.
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