The Ensign Group, the third-largest skilled nursing facility chain, handed back another $23 million in federal coronavirus relief funding after achieving another “record quarter,” executives reported in late October.
The company’s earnings per share was 78 cents for the third quarter — a 95% increase over the prior year quarter. Its adjusted net income for the quarter was about $44 million.
CEO Barry Port cited multiple reasons for the strong results, which included improvements in admission trends and more available COVID-19 testing.
From the December 2020 Issue of McKnight's Long-Term Care News
