The Ensign Group Inc., the parent company of the Ensign™ group of skilled nursing, rehabilitative care services, hospice care, home health care and assisted living companies, declared today that on the day of March 1, 2017, a subsidiary of Cornerstone Healthcare, Inc., Ensign’s home health and hospice portfolio company, achieved the Hospice of the Pines, a provider serving Sedona, Prescott, Dewey, Cottonwood and other communities across Yavapai County, Arizona.
“Hospice of the Pines is a significant addition to our hospice operations,” states Christopher Christensen, Ensign’s President and Chief Executive Officer. “It sustains the growth of our Cornerstone operations across Arizona, offers the chance to give a remarkable continuum of care with our existing skilled nursing and assisted living operations in Prescott, and depicts Cornerstone’s strategic commitment to meeting the expanding requirement for hospice services throughout the USA.”
“We are happy for this opportunity to join with Hospice of the Pines’ outstanding clinical team, which has developed a reputation for top-quality care,” stated Cornerstone’s President Daniel Walker. “We look forward to the progress of Hospice of the Pines as we seek to become the area’s premier provider of hospice services and make sure that sufferers throughout the county have access to life-changing hospice care.”
With the acquisition by Ensign Group Inc., Cornerstone subsidiaries now operate 20 hospice operations, 17 home health operations, and 3 home care operations in 9 western states. Mr. Walker assured that Cornerstone is actively seeking extra opportunities to achieve both well-performing and struggling home health, hospice, and home care operations across the US.
Mr. Christensen affirmed that he hopes the operations to be accretive to earnings in the year of 2017.
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