Amazon Stock Rises as Meta Expands AWS Partnership for AI Infrastructure 
DeepSeek Launches V4 AI Models with Enhanced Reasoning and 1M Token Context Window 
Hyundai Plans 20 New Models in China to Boost EV Strategy and Market Share 
Taiwan Court Fines Tokyo Electron Unit $4.78M in Major TSMC Trade Secrets Case 
Mercedes-Benz Faces Rising Competition in China but Rejects Price War Strategy 
U.S. Demand for Alternative Satellite Providers Remains Strong Amid SpaceX Regulatory Push 
Strait of Hormuz Shipping Crisis Deepens as Traffic Plunges Amid Iran-U.S. Tensions 
Judge Dismisses Elon Musk’s Fraud Claims Against OpenAI, Trial to Proceed on Remaining Allegations 
Kia Cuts EV Prices in Europe as Chinese Carmakers Intensify Competition 
Brazil Pension Fund Crackdown After Banco Master Collapse Raises Investment Concerns 
$16B Michigan Data Center Project Boosts U.S. AI Infrastructure Expansion 
U.S. Raises Alarm Over Chinese AI Firms’ Alleged IP Theft Through Model Distillation 
Microsoft Commits $18 Billion to Expand AI and Cloud Infrastructure in Australia 
Chinese Chip Stocks Surge on AI Boom and Domestic Tech Push 
DeepSeek V4 Launch Signals China’s Growing AI Independence with Huawei Chips 
Daiichi Sankyo Stock Drops After Earnings Delay and Oncology Review 
Toyota Global Vehicle Sales Decline in March Amid RAV4 Transition and Middle East Slowdown 
MISSION VIEJO, Calif., May 11, 2017 -- The Ensign Group, Inc. (NASDAQ:ENSG), the parent company of the Ensign™ group of skilled nursing, rehabilitative care services, home health care, hospice care, and assisted living companies, announced today that on May 1, 2017, a subsidiary of Cornerstone Healthcare, Inc., Ensign’s home health and hospice portfolio company, acquired Voto Home Health, a Medicare-certified home health agency servicing King County, Washington.
“We are excited to announce this strategic acquisition to our home health portfolio,” said Christopher Christensen, Ensign’s President and Chief Executive Officer. “Seattle is the largest healthcare market in the Pacific Northwest and this acquisition is a key step in Cornerstone’s growth and development.”
“The agency is our fourth in Washington and reflects our commitment to the State and its residents,” said Cornerstone’s President Daniel Walker. “We are driven by our mission to expand access to life-changing home health services and look forward to supporting and partnering with this strong local team to expand our services to the Seattle area.”
Upon approval from the State of Washington, the agency will be known as Rainier Home Health and will serve patients in all areas of King County.
With the acquisition, Cornerstone subsidiaries now operate twenty hospice operations, eighteen home health operations, and three home care operations in nine western states. Mr. Walker affirmed that Cornerstone is actively seeking additional opportunities to acquire both well-performing and struggling home health, hospice, and home care operations across the United States.
Mr. Walker affirmed that he expects the operations to be accretive to earnings in 2017.
About EnsignTM:
The Ensign Group, Inc.'s independent operating subsidiaries provide a broad spectrum of skilled nursing and assisted living services, physical, occupational and speech therapies, home health and hospice services, and other rehabilitative and healthcare services at 215 healthcare facilities, twenty hospice agencies, eighteen home health agencies and three home care businesses across fourteen states. More information about Ensign is available at http://www.ensigngroup.net.
CONTACT: The Ensign Group, Inc., (949) 487-9500, [email protected]
