ENSIGN GROUP, INC SEC 10-Q Report

The Ensign Group, Inc., a leading provider of healthcare services, has released its latest Form 10-Q report, showcasing robust financial and operational performance for the period ended June 30, 2025. The report highlights significant growth in revenue, net income, and operational expansion, underscoring the company's strategic initiatives and market position in the healthcare industry.

Financial Highlights

• Total Revenue: $1,227.8 million, reflecting a significant increase from the previous year's $1,036.3 million, driven by higher service and rental revenues.
• Income from Operations: $103.9 million, up from $86.0 million in the prior year, indicating improved operational efficiency.
• Net Income: $84.5 million, compared to $71.2 million in the previous year, showcasing strong bottom-line growth.
• Net Income Attributable to The Ensign Group, Inc.: $84.4 million, highlighting the company's ability to generate profit for its shareholders.
• Basic Net Income Per Share: $1.48, up from $1.26, reflecting increased earnings per share for shareholders.
• Diluted Net Income Per Share: $1.44, compared to $1.22 in the prior year, indicating enhanced profitability on a per-share basis.

Business Highlights

• Revenue Segments: The Ensign Group's service revenue is primarily derived from healthcare services provided to patients, with significant contributions from Medicaid and Medicare programs, which accounted for 69.8% of service revenue for the three months ended June 30, 2025. Managed care and private payors also contributed to the revenue mix.
• Operational Expansion: During the six months ended June 30, 2025, the company expanded its operations by adding 17 stand-alone skilled nursing operations, two stand-alone senior living operations, and one campus operation, increasing its capacity by 1,955 skilled nursing beds and 204 senior living units.
• Segment Performance: The company operates two main segments: Skilled Services and Standard Bearer. Skilled Services includes skilled nursing facilities and rehabilitation therapy services, while Standard Bearer comprises real estate properties leased to operators. The Skilled Services segment generated significant service revenue, while Standard Bearer contributed rental revenue.
• Geographical Performance: The company's independent subsidiaries operate 347 facilities across 17 states, with a collective capacity of approximately 35,500 skilled nursing beds and 3,300 senior living units, indicating a broad geographical footprint.
• Future Outlook: The company plans to continue expanding its operations through leases or acquisitions of real estate that complement its current operations and advance its strategy. The focus remains on enhancing the quality of care and maximizing investment strategies.
• New Production Launches: The company added significant real estate assets through its Standard Bearer segment, including 11 stand-alone skilled nursing operations, one stand-alone senior living operation, and two campus operations during the six months ended June 30, 2025.
• Lessor Activities: The company leases its owned real estate properties to third-party operators, including The Pennant Group, Inc., under triple-net leases, ensuring stable rental income and operational efficiency.

SEC Filing: ENSIGN GROUP, INC [ ENSG ] - 10-Q - Jul. 24, 2025