The Ensign Group Reports 18.5% Revenue Growth to $1.23 Billion in Latest Quarter

The Ensign Group, Inc. reported significant financial growth in its latest quarterly results, with total revenue for the three months ended June 30, 2025, reaching $1.23 billion, an increase of 18.5% from $1.04 billion in the same period last year. The company's net income attributable to shareholders also rose to $84.4 million, or $1.44 per diluted share, compared to $71.0 million, or $1.22 per diluted share, in the prior year. For the six months ended June 30, 2025, total revenue was $2.40 billion, up from $2.05 billion, while net income increased to $164.7 million from $139.8 million.

The company attributed its revenue growth to improved occupancy rates and increased daily revenue rates across its skilled nursing facilities. Occupancy for Same Facilities rose to 82.1%, a 2.0% increase year-over-year, while Transitioning Facilities saw a 4.6% increase to 84.0%. The revenue from Recently Acquired Facilities surged by approximately $110.9 million, reflecting the impact of 20 operational expansions across 14 states during the reporting period. The skilled services segment, which includes skilled nursing and rehabilitation services, generated $1.17 billion in revenue, marking an 18.4% increase from the previous year.

In terms of operational developments, Ensign's independent subsidiaries operated 347 facilities across 17 states as of June 30, 2025, with a total capacity of approximately 35,500 skilled nursing beds and 3,300 senior living units. The company has also expanded its real estate portfolio, with Standard Bearer Healthcare REIT, Inc. adding $195 million in real estate assets during the first half of 2025. This included 11 skilled nursing operations and one senior living operation, with further acquisitions planned to enhance its market presence.

The company’s financial position remains strong, with total assets increasing to $4.93 billion from $4.67 billion at the end of 2024. Cash and cash equivalents decreased to $364.0 million, while accounts receivable rose to $578.1 million, reflecting the company's ongoing operational activities. Ensign's long-term debt remained stable, with total liabilities at $2.91 billion. The company continues to focus on strategic acquisitions and operational improvements to drive future growth, with management expressing confidence in its ability to navigate market conditions and regulatory changes effectively.