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ENSIGN GROUP INC

For the period ended Dec 31, 2023. Filed Feb 1, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 1, 2024

ENSG$182.10+0.6%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Item 2. Properties

Service Center— Our primary Service Center is located at our San Juan Capistrano, California campus, which we acquired for a purchase price of $31.0 million to accommodate our growing Service Center team. The property consists of approximately 108,058 square feet of usable office space. In addition, we lease a portion of the space within the campus to third-party tenants. We also have service centers located in Tempe, Arizona, San Antonio, Texas and Salt Lake City, Utah.

Operating Facilities—We operate 297 independent subsidiaries in Arizona, California, Colorado, Idaho, Iowa, Kansas, Nebraska, Nevada, South Carolina, Texas, Utah, Washington and Wisconsin, with the operational capacity to serve approximately 34,000 patients as of December 31, 2023. Of the 297 facilities, we operate 214 facilities under long-term lease arrangements and have options to purchase 11 of those 214 facilities. The results of our independent subsidiaries are reflected in our skilled services segment for our skilled nursing operations and in the "All Other" category for our senior living operations.

The following table provides summary information regarding the location of our facilities, operational beds and units by property type as of December 31, 2023:

Operated Facilities
Leased without a Purchase OptionLeased with a Purchase OptionOwnedTotal
FacilitiesBeds/UnitsFacilitiesBeds/UnitsFacilitiesBeds/UnitsFacilitiesBeds/Units
California595,734——111,227706,961
Texas566,9295714222,9148310,557
Arizona233,336——131,930365,266
Wisconsin————21002100
Utah121,31121597661212,131
Colorado161,66811258916252,709
Washington121,098——4413161,511
Idaho7553——5470121,023
Nebraska5364——23907754
Kansas145332544588828
Iowa6399————6399
South Carolina4582——554491,126
Nevada2358————2358
20322,377111,3238310,02329733,723

The following table sets forth the location of our facilities and the number of operational beds and units located at our skilled nursing, senior living and campus facilities as of December 31, 2023:

Facility Counts · Bed / Unit Counts
Skilled Nursing OperationsSenior Living CommunitiesCampus OperationsTotalSkilled Nursing BedsSenior Living UnitsTotal Beds / Units
California67—3706,7641976,961
Texas7715839,95460310,557
Arizona3015364,5357315,266
Wisconsin2——2100—100
Utah1821211,9681632,131
Colorado1951251,9867232,709
Washington151—161,413981,511
Idaho11—1121,002211,023
Nebraska4127413341754
Kansas1—78615213828
Iowa4—2636831399
South Carolina9——91,126—1,126
Nevada2——2358—358
259112729730,6023,12133,723

Real Estate Properties— As of December 31, 2023, we owned 113 real estate properties in Arizona, California, Colorado, Idaho, Kansas, Nebraska, Nevada, South Carolina, Texas, Utah, Washington and Wisconsin, which include 83 of the 297 facilities that we operate and manage. Of our 113 real estate properties, 30 operations are leased to and operated by third-party operators. One senior living facility is located on the same real estate property as a skilled nursing facility that we own and operate. We further own the real estate property of our Service Center's California location and continue to lease a portion of the office space to third-party tenants. Our Standard Bearer segment reflects the results of operations for 108 of the 113 owned real estate properties.

The following table provides summary information regarding the location of our owned real estate properties as of December 31, 2023:

Owned and Operated by Ensign(1)Owned and Leased to Third-Party Operators(1)Service CenterTotal Properties(1)
California112114
Texas(1)226—27
Arizona131—14
Wisconsin219—21
Utah7——7
Colorado8——8
Washington41—5
Idaho5——5
Nebraska2——2
Kansas4——4
South Carolina5——5
Nevada—1—1
83301113

(1) One senior living operation in Texas, which is owned by Ensign and leased to a third-party operator, is located on the same real estate property as a skilled nursing facility that we own and operate. In this situation, the senior living operation is included in the total under "Owned and Leased to Third Party Operators" and the skilled nursing operation is included in the total under "Owned and Operated by Ensign", however, the amount reflected under "Total Properties" only recognizes the operation as a single property.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.