The Ensign Group reported a record quarter in Q3 2025, driven by strong clinical performance and growing occupancy rates, setting the stage for sustained long-term growth.
- Same-store occupancy reached all-time highs of 83% and 84.4%, reflecting increased market share and trust from communities served.
- Medicare revenue increased by 10% for same-store operations, highlighting improved skilled mix and demand for services.
- The aged 80+ population in the U.S. is expected to grow over 50% by 2035, providing a significant demographic tailwind for skilled nursing services.
- Operational efficiencies led to 5.1% and 10.9% increases in skilled days for same-store and transitioning operations, respectively.
- Continued acquisition of new operations is expected to unlock additional long-term value across the portfolio.
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