Industry News • May 11, 2017
MISSION VIEJO, Calif., May 11, 2017 (GLOBE NEWSWIRE) — The Ensign Group, Inc. (NASDAQ:ENSG), the parent company of the Ensign™ group of skilled nursing, rehabilitative care services, home health care, hospice care, and assisted living companies, announced today that on May 1, 2017, a subsidiary of Cornerstone Healthcare, Inc., Ensign’s home health and hospice portfolio company, acquired Voto Home Health, a Medicare-certified home health agency servicing King County, Washington.
“We are excited to announce this strategic acquisition to our home health portfolio,” said Christopher Christensen, Ensign’s President and Chief Executive Officer. “Seattle is the largest healthcare market in the Pacific Northwest and this acquisition is a key step in Cornerstone’s growth and development.”
“The agency is our fourth in Washington and reflects our commitment to the State and its residents,” said Cornerstone’s President Daniel Walker. “We are driven by our mission to expand access to life-changing home health services and look forward to supporting and partnering with this strong local team to expand our services to the Seattle area.”
Upon approval from the State of Washington, the agency will be known as Rainier Home Health and will serve patients in all areas of King County.
With the acquisition, Cornerstone subsidiaries now operate twenty hospice operations, eighteen home health operations, and three home care operations in nine western states. Mr. Walker affirmed that Cornerstone is actively seeking additional opportunities to acquire both well-performing and struggling home health, hospice, and home care operations across the United States.
Mr. Walker affirmed that he expects the operations to be accretive to earnings in 2017.
This article originally appeared in an article on GlobeNewswire.