07:22 AM EST, 12/18/2024 (MT Newswires) -- The Ensign Group ( ENSG ) said Wednesday it has agreed to buy eight facilities, including real estate and operations, in Alaska, Washington, Oregon, and California, from Providence Home and Community Care.

The deal will likely be effective in the next few months, Ensign said, adding that the real estate assets for all eight facilities will be purchased by its captive real estate subsidiary, Standard Bearer Healthcare REIT.

Ensign-affiliated operating companies will operate six of the eight operations while two facilities will be operated by a third-party tenant that will sign a long-term triple net master lease with Standard Bearer as landlord, the company said.