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The Ensign Group, Inc.
ENSG · NASDAQHealthcare
The economic chain
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Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
Real estate &capitalREITs, landlords, lendersWorkforce &suppliesNurses, pharmacy, medical…CareoperationsSkilled-nursing & senior-…PayersMedicaid, Medicare, manag…Patients &referralsHospitals, residents, fam…CTRECareTrust REITSBStandard BearerFINBanks & lendersSTAFClinical workforceSUPPharmacy & medical suppliesENThe Ensign GroupPNTGThe Pennant GroupPACSPACS GroupNHCNational HealthCareBKDBrookdale Senior LivingMCDState Medicaid programsMCRMedicare (CMS)MCOManaged-care insurersHOSPAcute-care hospitalsYOUPatients & residents
Company details
Market cap
$8.4B
P/E ratio
26×
Div yield
0.2%
EPS (adj. FY24)
$5.50
Profit margin
7%
Rev. growth
+14%
Revenue (FY24)
$4.3B
Operations
~330 in 17 states
In plain English
Ensign is the largest independent operator of skilled-nursing facilities in the US — ~330 post-acute and long-term care operations across 17 states. It runs a decentralized model: each home is a separate operating subsidiary with its own leader, backed by a shared 'Service Center'. Roughly three-quarters of its revenue comes from Medicaid and Medicare, and it owns much of its own real estate through a captive REIT, Standard Bearer.
In simple terms
What The Ensign Group, Inc. really sells
Ensign is the largest independent operator of skilled-nursing facilities in the US — ~330 post-acute and long-term care operations across 17 states. It runs a decentralized model: each home is a separate operating subsidiary with its own leader, backed by a shared 'Service Center'. Roughly three-quarters of its revenue comes from Medicaid and Medicare, and it owns much of its own real estate through a captive REIT, Standard Bearer.
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