Shares of The Ensign Group, Inc. (ENSG) have gained 50.4% in the past year compared with the industry's 50.1% growth. The Medical sector and the S&P 500 composite index grew 11% and 27.2%, respectively, in the same time frame. With a market capitalization of $8.4 billion, the average volume of shares traded in the last three months was 0.4 million. An extensive healthcare network, acquisitions of healthcare facilities and a notable financial position continue to drive Ensign Group. An optimistic 2024 busine ...

TORONTO, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Fairfax Financial Holdings Limited ("Fairfax") (TSX: FFH and FFH.U) announces that it has acquired, through its insurance company subsidiaries, 271,100 common shares ("Common Shares") of Ensign Energy Services Inc. ("Ensign") at a price of C$2.4238 per Common Share for an aggregate purchase price of approximately C$657,092.18 through the facilities of the Toronto Stock Exchange (the "Share Purchase"). The Share Purchase represents approximately 0.15% of the issued ...

The stock market is currently in a rotation. Traders are moving capital from aggressive growth and technology names to find safety in other sectors of the market. Healthcare has been one of the beneficiaries of this switch. People tend to get sick and need medical care regardless of what's going on with the economy. In addition, America's aging demographics will invariably lead to higher healthcare spending over time. While the long-term case for healthcare makes sense, valuations are starting to get out of ...

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SAN JUAN CAPISTRANO, Calif., Aug. 02, 2024 (GLOBE NEWSWIRE) -- The Ensign Group, Inc. (Nasdaq: ENSG), the parent company of the EnsignTM group of companies, which invest in and provide skilled nursing and senior living services, physical, occupational and speech therapies, other rehabilitative and healthcare services, and real estate, announced today that it acquired the real estate and operations of Greater Southside Health and Rehabilitation, an 76-bed skilled nursing facility located in Des Moines, Iowa. ...

SAN JUAN CAPISTRANO, Calif., Aug. 02, 2024 (GLOBE NEWSWIRE) -- The Ensign Group, Inc. (Nasdaq: ENSG), the parent company of the EnsignTM group of companies, which invest in and provide skilled nursing and senior living services, physical, occupational and speech therapies, other rehabilitative and healthcare services, and real estate, announced today that it acquired the operations of City Park Healthcare and Rehabilitation Center, a 125-bed skilled nursing facility located in Denver, Colorado. This acquisi ...

SAN JUAN CAPISTRANO, Calif., Aug. 02, 2024 (GLOBE NEWSWIRE) -- The Ensign Group, Inc. (Nasdaq: ENSG), the parent company of the EnsignTM group of companies, which invest in and provide skilled nursing and senior living services, physical, occupational and speech therapies, other rehabilitative and healthcare services, and real estate, announced today that it acquired the operations of City Park Healthcare and Rehabilitation Center, a 125-bed skilled nursing facility located in Denver, Colorado. This acquisi ...

SAN JUAN CAPISTRANO, Calif., Aug. 02, 2024 (GLOBE NEWSWIRE) -- The Ensign Group, Inc. (Nasdaq: ENSG), the parent company of the EnsignTM group of companies, which invest in and provide skilled nursing and senior living services, physical, occupational and speech therapies, other rehabilitative and healthcare services, and real estate, announced today that it acquired Holly Heights Care and Rehabilitation, a 133-bed skilled nursing facility located in Denver, Colorado. The real estate will be acquired by a s ...

Shares of The Ensign Group, Inc. (ENSG) gained 7.2% since it reported second-quarter 2024 results on Jul 25, 2024. Strong quarterly results benefited from improved occupancy, skilled mix days, and higher skilled service revenues. However, declining cash flow from operations and a rise in overall expenses acted as a partial offset. ENSG reported a second-quarter 2024 adjusted earnings per share (EPS) of $1.32, which beat the Zacks Consensus Estimate by 2.3%. The bottom line increased 13.8% year over year. Q2 ...

财务数据和关键指标变化 - 公司第二季度GAAP每股收益为1.22美元,同比增长8.9%[17] - 公司第二季度调整每股收益为1.32美元,同比增长13.8%[17] - 公司第二季度合并GAAP收入和调整收入均为10亿美元,同比增长12.5%[17] - 公司第二季度GAAP净收入为7100万美元,同比增长11%[17] - 公司第二季度调整净收入为7640万美元,同比增长15.3%[17] - 公司现金及现金等价物为4.773亿美元,经营活动产生的现金流为1.122亿美元[17] - 公司租赁调整后净债务/EBITDA比率为1.99倍,持续降低负债水平[17] - 公司有5.73亿美元的未使用信用额度,加上手头现金超过10亿美元的可用资金[17] 各条业务线数据和关键指标变化 - 公司同店SNF业务的入住率达到80.8%,同比增加2.8个百分点[7][8] - 公司同店和过渡SNF业务的技术服务收入分别增长6.8%和6%[7][8] - 公司过渡SNF业务的入住率和技术服务天数分别为75.7%和21.7%[8] - 公司同店SNF业务的技术服务天数为31.5%[8] 各个市场数据和关键指标变化 - 公司在科罗拉多、田纳西、亚利桑那、堪萨斯、犹他、爱荷华、内华达和德克萨斯等8个州新增15家运营中心,包括1,326张护理床位、202个高级生活单元和43张长期急性护理床位[10][11] - 公司在已有市场继续扩张,同时也在新市场进行布局,以期在未来几个月内实现进一步增长[11] 公司战略和发展方向及行业竞争 - 公司专注于在既有市场增加密度,同时也在新市场进行布局,采取分散的本地化增长模式[12] - 公司在收购时坚持以历史经营业绩为依归,确保收购标的的成本结构能够实现长期可持续的收益[12] - 公司不会为了增加收入或利润而盲目扩张,而是会牺牲短期业绩指标以换取长期内在的增长潜力[12] - 公司旗下的房地产投资信托公司Standard Bearer目前拥有115处资产,其中86处出租给公司关联运营商,30处出租给第三方[12] 管理层对经营环境和未来前景的评论 - 公司对行业需求前景保持乐观,认为需求强劲且季节性波动有所缓解[22][29] - 公司看好未来在人员招聘和薪酬管控方面的持续改善,预计未来一年内将逐步恢复至疫情前水平[32][33] - 公司对监管环境的不确定性有所降低,认为最低人员配备规定的诉讼案件前景乐观[26][27] - 公司对未来增长前景充满信心,预计2024年每股收益将达5.38-5.50美元,较2023年增长超过14%[9] 其他重要信息 - 公司连续21年增加年度股息,并保持稳健的资产负债表,为未来投资提供充足的资金支持[17] - 公司在人员管理方面持续取得进展,连续11个季度员工流失率下降,连续6个季度减少临时工使用[8] - 公司通过本地化的运营模式,在新收购的运营中心实现快速整合和业绩改善[13][14] 问答环节重要的提问和回答 问题1 **Tao Qiu 提问** 公司当前的入住率势头强劲,是否有进一步提升的空间,以及实现这一目标需要克服的主要障碍[21] **Barry Port 回答** 公司入住率持续增长,已恢复至疫情前水平,但这并非天花板,公司有信心未来入住率还有进一步提升空间[22][23] 公司在人员招聘和薪酬管控方面取得进展,有助于支撑未来入住率的提升[32][33] 问题2 **Scott Fidel 提问** 公司在劳动力成本和使用临时工方面的最新情况如何,是否会对全年业绩产生影响[31][32] **Barry Port 回答** 公司工资通胀已大幅放缓,回到单位数增长水平,员工流失率和临时工使用也持续改善[32][33] 公司新收购的运营中心在这方面仍存在一定挑战,但整体来看这些因素对全年业绩影响有限[33] 问题3 **Ben Hendrix 提问** 公司在新进入市场时,需要达到什么样的规模才能充分发挥集群效应带来的协同效应[38][39][40] **Chad Keetch 回答** 公司通常希望在新市场建立3-4家运营中心的集群,这样可以充分共享资源和最佳实践[39][40] 在此基础上,公司还会根据市场情况增加当地专门的支持团队,以进一步提升运营效率[40][41]