- Ensign Group (NASDAQ:ENSG +2.2%) acquires Keiro Nursing Home, a 300-bed skilled nursing facilty in Lincoln Heights, South Bay Keiro Nursing Home, a 98-bed skilled nursing facility in Gardena, Keiro Retirement Home, a 127-unit assisted living facility in Boyle Heights and Keiro Intermediate Care Facility, a 90-bed operation also in Boyle Heights.
- Not-for-profit Keiro Senior Healthcare has been in operation since 1961 providing care to aging Japanese Americans.
- The facilities will be purchased with cash and will be operated by Ensign's California subsidiaries. The deal is expected to close in Q4. Financial terms are not disclosed.