Ensign Group, Inc. completed the purchase of the real‑estate and operations of Wylie Oaks Healthcare and Rehabilitation, a 106‑bed skilled‑nursing facility in Wylie, Texas, on February 1, 2026. The transaction was structured through a subsidiary of the company’s captive real‑estate vehicle, Standard Bearer Healthcare REIT, which acquired the property, while an Ensign‑affiliated operator assumed the day‑to‑day operations under a lease agreement.
The acquisition is part of a broader strategy to cluster facilities in high‑growth markets and to leverage the scale of Standard Bearer’s real‑estate portfolio. By adding Wylie Oaks to its Texas holdings, Ensign strengthens its presence in a mature operational market and positions the facility to benefit from the company’s proven occupancy and cost‑control model. The deal also expands Ensign’s footprint to 378 healthcare facilities, including 47 senior‑living operations, across 17 states.
Financial terms of the transaction were not disclosed, but the acquisition is one of five facilities Ensign announced on February 3, 2026. The company’s recent earnings report for Q3 2025 showed an adjusted EPS of $1.64, beating consensus estimates by $0.05, and revenue of $1.30 billion, up 19.8% year‑over‑year. Management cited strong demand in core segments and disciplined cost management as key drivers of the beat.
CEO Barry Port highlighted the strategic fit of the Texas acquisition, noting that “Texas is one of our most mature operational markets and we are excited to add additional real‑estate assets to Standard Bearer’s Texas portfolio.” He added that clustering Wylie Oaks with existing facilities will enhance operational efficiencies and occupancy stability.
The acquisition aligns with Ensign’s guidance for FY 2025, which was raised to $6.48–$6.54 in EPS and $4.83–$4.91 billion in revenue. The company’s dividend was increased to $0.0650 per share, marking its twenty‑third consecutive annual dividend increase, underscoring management’s confidence in sustained cash flow generation.
Overall, the Wylie Oaks deal reinforces Ensign’s growth trajectory, expands its Texas market share, and supports the company’s strategy of combining real‑estate ownership with leased operations to drive long‑term profitability.
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