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ENSG > SEC Filings for ENSG > Form 8-K on 21-Oct-2009All Recent SEC Filings

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Form 8-K for ENSIGN GROUP, INC


21-Oct-2009

Regulation FD Disclosure


Item 7.01 Regulation FD Disclosure.
As previously disclosed during the second quarter of the current year, The Ensign Group, Inc., a Delaware corporation, beginning with the filing of its third quarter 10-Q, will be expanding its Management Discussion and Analysis disclosures to provide better visibility into its acquisitions and their assimilation into the organization. These expanded disclosures do not change the Company's previously disclosed consolidated financial statements. On a go-forward basis, the Company's facilities will be grouped as follows:
• Same Facility Results - this group will include facilities purchased by the Company at least three calendar years ago, which as of October 2009 would include facilities purchased prior to January 1, 2006.

• Transitioning Facility Results - this group will include facilities purchased by the Company less than three, but more than one calendar year ago, which as of October 2009 would include facilities purchased from January 1, 2006 to December 31, 2007.

• Recently Acquired Facilities - this group will include any facility purchased by the Company less than one full calendar year ago, which as of October 2009 would include facilities purchased on or after January 1, 2008.


The Company believes this information will provide the reader with valuable insight regarding its operations as facilities mature. The effect of this expanded disclosure for each quarter and year to date period for filings from the first quarter of 2007 to the second quarter of 2009 are disclosed below:

                             Results of Operations
                     Quarter and Year to Date Periods 2009

                                Three Months Ended                Three Months Ended                 Six Months Ended
                                    March 31,                          June 30,                          June 30,
                               2009             2008             2009             2008            2009             2008
                              (Dollars in thousands)            (Dollars in thousands)            (Dollars in thousands)
Total Facility Results:
Revenue                    $    130,285       $ 113,779      $    132,178       $ 115,318      $   262,463      $   229,097
Number of facilities at
period end                           70              61                70              62               70               62
Actual patient days             566,619         530,395           576,738         528,984        1,143,357        1,059,379
Occupancy percentage -
Operational beds                   79.8 %          82.0 %            79.4 %          81.0 %           79.6 %           81.5 %
Skilled mix by nursing
days                               25.2 %          25.3 %            24.3 %          25.5 %           24.8 %           25.4 %
Skilled mix by revenue             48.6 %          49.0 %            48.0 %          49.4 %           48.3 %           49.2 %



                                Three Months Ended                Three Months Ended                 Six Months Ended
                                    March 31,                          June 30,                          June 30,
                               2009             2008             2009             2008             2009             2008
                              (Dollars in thousands)            (Dollars in thousands)            (Dollars in thousands)
Same Facility
Results(1):
Revenue                    $    100,317       $  94,545      $    100,031       $  94,495      $    200,348       $ 189,040
Number of facilities at
period end                           46              46                46              46                46              46
Actual patient days             424,300         431,168           423,175         425,665           847,475         856,833
Occupancy percentage -
Operational beds                   84.2 %          84.8 %            83.1 %          83.8 %            83.7 %          84.3 %
Skilled mix by nursing
days                               27.2 %          27.0 %            26.1 %          27.0 %            26.6 %          27.0 %
Skilled mix by revenue             50.6 %          50.7 %            50.1 %          51.0 %            50.3 %          50.9 %



                                Three Months Ended                Three Months Ended                 Six Months Ended
                                    March 31,                          June 30,                          June 30,
                               2009              2008            2009              2008            2009             2008
                              (Dollars in thousands)            (Dollars in thousands)            (Dollars in thousands)
Transitioning Facility
Results(2):
Revenue                    $      21,622       $ 19,234      $      21,726       $ 19,760      $     43,348       $  38,994
Number of facilities at
period end                            15             15                 15             15                15              15
Actual patient days              100,476         99,227            101,407         98,716           201,883         197,943
Occupancy percentage -
Operational beds                    72.1 %         71.7 %             73.3 %         71.4 %            72.7 %          71.6 %
Skilled mix by nursing
days                                22.6 %         18.3 %             22.3 %         19.5 %            22.5 %          18.9 %
Skilled mix by revenue              47.1 %         40.4 %             47.2 %         42.0 %            47.1 %          41.2 %



                                 Three Months Ended                 Three Months Ended                Six Months Ended
                                     March 31,                           June 30,                         June 30,
                                2009               2008             2009             2008            2009             2008
                               (Dollars in thousands)             (Dollars in thousands)           (Dollars in thousands)
Recently Acquired
Facility Results(3):
Revenue                    $         8,346       $      -      $       10,421       $ 1,063      $      18,767       $ 1,063
Number of facilities at
period end                               9              -                   9             1                  9             1
Actual patient days                 41,843              -              52,156         4,603             93,999         4,603
Occupancy percentage -
Operational beds                      62.6 %            - %              66.0 %        66.2 %             64.4 %        66.2 %
Skilled mix by nursing
days                                  12.6 %            - %              13.5 %        28.0 %             13.1 %        28.0 %
Skilled mix by revenue                28.0 %            - %              29.2 %        48.2 %             28.6 %        48.2 %

(1) Same Facility Results represents facilities purchased by the Company at least three calendar years ago, which for the calendar year 2009 would include facilities purchased prior to January 1, 2006.

(2) Transitioning Facility Results represents facilities purchased by the Company less than three, but more than one calendar year ago, which for the calendar year 2009 would include facilities purchased from January 1, 2006 to December 31, 2007.

(3) Recently Acquired Facility Results represents any facility purchased by the Company less than one full calendar year ago, which for the calendar year 2009 would include facilities purchased on or after January 1, 2008.


                             Results of Operations
                           Year to Date Periods 2008

                                 Six Months Ended                 Nine Months Ended                Twelve Months Ended
                                     June 30,                       September 30,                      December 31,
                              2008             2007             2008             2007             2008             2007
                              (Dollars in thousands)            (Dollars in thousands)            (Dollars in thousands)
Total Facility Results:
Revenue                    $   229,097      $   198,247      $   345,425      $   302,339      $   469,372      $   411,318
Number of facilities at
period end                          62               60               62               61               63               61
Actual patient days          1,059,379        1,013,624        1,594,616        1,546,083        2,135,662        2,078,893
Occupancy percentage -
Operational beds                  81.5 %           80.9 %           81.1 %           81.2 %           81.1 %           81.3 %
Skilled mix by nursing
days                              25.4 %           23.7 %           25.1 %           23.3 %           25.1 %           23.3 %
Skilled mix by revenue            49.2 %           45.1 %           49.0 %           44.5 %           48.8 %           44.7 %



                                 Six Months Ended                 Nine Months Ended                Twelve Months Ended
                                     June 30,                       September 30,                      December 31,
                               2008             2007            2008             2007             2008             2007
                              (Dollars in thousands)            (Dollars in thousands)            (Dollars in thousands)
Same Facility
Results(1):
Revenue                    $    173,937       $ 155,653      $   261,171      $   235,789      $   354,024      $   319,299
Number of facilities at
period end                           43              43               43               43               43               43
Actual patient days             799,320         792,102        1,200,101        1,199,537        1,601,227        1,604,448
Occupancy percentage -
Operational beds                   84.3 %          84.0 %           83.9 %           84.3 %           83.8 %           84.3 %
Skilled mix by nursing
days                               26.8 %          24.8 %           26.4 %           24.4 %           26.3 %           24.5 %
Skilled mix by revenue             50.6 %          46.0 %           50.1 %           45.5 %           49.8 %           45.9 %



                                 Six Months Ended                 Nine Months Ended                Twelve Months Ended
                                     June 30,                       September 30,                      December 31,
                               2008             2007             2008             2007             2008             2007
                              (Dollars in thousands)            (Dollars in thousands)            (Dollars in thousands)
Transitioning Facility
Results(2):
Revenue                    $     44,619       $  37,396      $     66,813       $  56,950      $      90,036      $  77,563
Number of facilities at
period end                           14              14                14              14                 14             14
Actual patient days             203,100         189,651           302,913         288,228            405,468        388,834
Occupancy percentage -
Operational beds                   76.8 %          72.1 %            76.0 %          72.6 %             76.2 %         73.3 %
Skilled mix by nursing
days                               23.2 %          21.6 %            22.9 %          21.2 %             22.9 %         21.2 %
Skilled mix by revenue             47.1 %          43.0 %            47.0 %          42.4 %             47.0 %         42.3 %



                                Six Months Ended                 Nine Months Ended               Twelve Months Ended
                                    June 30,                       September 30,                     December 31,
                               2008             2007            2008             2007             2008             2007
                             (Dollars in thousands)           (Dollars in thousands)            (Dollars in thousands)
Recently Acquired
Facility Results(3):
Revenue                    $     10,541       $  5,198      $     17,441       $  9,600      $       25,312      $ 14,456
Number of facilities at
period end                            5              3                 5              4                   6             4
Actual patient days              56,959         31,871            91,602         58,318             128,967        85,611
Occupancy percentage -
Operational beds                   66.7 %         69.3 %            66.6 %         68.6 %              67.6 %        68.3 %
Skilled mix by nursing
days                               15.1 %         13.5 %            17.1 %         13.4 %              18.0 %        13.5 %
Skilled mix by revenue             35.5 %         33.9 %            39.2 %         33.4 %              41.1 %        33.5 %

(1) Same Facility Results represents facilities purchased by the Company at least three calendar years ago, which for the calendar year 2008 would include facilities purchased prior to January 1, 2005.

(2) Transitioning Facility Results represents facilities purchased by the Company less than three, but more than one calendar year ago, which for the calendar year 2008 would include facilities purchased from January 1, 2005 to December 31, 2006.

(3) Recently Acquired Facility Results represents any facility purchased by the Company less than one full calendar year ago, which for the calendar year 2008 would include facilities purchased on or after January 1, 2007.


                             Results of Operations
                          Quarter to Date Periods 2008

                            Three Months Ended              Three Months Ended              Three Months Ended              Three Months Ended
                                 March 31,                       June 30,                      September 30,                   December 31,
                            2008            2007            2008            2007            2008            2007            2008            2007
                          (Dollars in thousands)          (Dollars in thousands)          (Dollars in thousands)          (Dollars in thousands)
Total Facility
Results:
Revenue                 $    113,779      $  97,978     $    115,318      $ 100,269     $    116,328      $ 104,092     $    123,947      $ 108,979
Number of facilities
at period end                     61             60               62             60               62             61               63             61
Actual patient days          530,395        497,887          528,984        515,737          535,237        532,459          541,046        532,810
Occupancy percentage
- Operational beds              82.0 %         81.1 %           81.0 %         80.7 %           80.4 %         81.6 %           81.0 %         81.5 %
Skilled mix by
nursing days                    25.3 %         24.3 %           25.5 %         23.3 %           24.6 %         22.6 %           25.0 %         23.4 %
Skilled mix by
revenue                         49.0 %         45.6 %           49.4 %         44.6 %           48.5 %         43.3 %           48.1 %         45.4 %

                            Three Months Ended              Three Months Ended              Three Months Ended              Three Months Ended
                                 March 31,                       June 30,                      September 30,                   December 31,
                            2008            2007            2008            2007            2008            2007            2008            2007
                          (Dollars in thousands)          (Dollars in thousands)          (Dollars in thousands)          (Dollars in thousands)
Same Facility
Results(1):
Revenue                 $     87,226      $  77,877     $     86,711      $  77,775     $     87,233      $  80,136     $     92,853      $  83,509
Number of facilities
at period end                     43             43               43             43               43             43               43             43
Actual patient days          402,840        394,139          396,480        397,963          400,781        407,435          401,126        404,911
Occupancy percentage
- Operational beds              84.9 %         84.0 %           83.6 %         83.9 %           83.2 %         85.0 %           83.4 %         84.4 %
Skilled mix by
nursing days                    26.8 %         25.3 %           26.8 %         24.3 %           25.7 %         23.7 %           26.0 %         24.8 %
Skilled mix by
revenue                         50.5 %         46.5 %           50.7 %         45.4 %           49.2 %         44.5 %           48.8 %         47.0 %

                            Three Months Ended              Three Months Ended              Three Months Ended              Three Months Ended
                                 March 31,                       June 30,                      September 30,                   December 31,
                            2008            2007            2008            2007            2008            2007            2008            2007
                          (Dollars in thousands)          (Dollars in thousands)          (Dollars in thousands)          (Dollars in thousands)
Transitioning
Facility Results(2):
Revenue                 $     21,782      $  18,544     $     22,836      $  18,853     $     22,195      $  19,554     $     23,223      $  20,614
Number of facilities
at period end                     14             14               14             14               14             14               14             14
Actual patient days          100,814         93,922          102,286         95,729           99,813         98,577          102,555        100,606
Occupancy percentage
- Operational beds              76.2 %         71.8 %           77.3 %         72.4 %           74.6 %         73.7 %           76.7 %         75.2 %
Skilled mix by
nursing days                    23.0 %         21.7 %           23.5 %         21.6 %           22.3 %         20.5 %           22.8 %         21.0 %
Skilled mix by
revenue                         46.5 %         43.6 %           47.8 %         42.5 %           46.7 %         41.2 %           47.0 %         42.0 %

                            Three Months Ended              Three Months Ended              Three Months Ended              Three Months Ended
                                 March 31,                       June 30,                      September 30,                   December 31,
                            2008            2007            2008            2007            2008            2007            2008            2007
                          (Dollars in thousands)          (Dollars in thousands)          (Dollars in thousands)          (Dollars in thousands)
Recently Acquired
Facility Results(3):
Revenue                 $      4,771      $   1,557     $      5,771      $   3,641     $      6,900      $   4,402     $      7,871      $   4,856
Number of facilities
at period end                      4              3                5              3                5              4                6              4
Actual patient days           26,741          9,826           30,218         22,045           34,643         26,447           37,365         27,293
Occupancy percentage
- Operational beds              67.1 %         70.8 %           64.6 %         68.6 %           68.2 %         67.8 %           70.0 %         67.7 %
Skilled mix by
nursing days                    12.9 %         11.0 %           17.1 %         14.7 %           20.3 %         13.2 %           20.3 %         13.6 %
Skilled mix by
revenue                         32.8 %         27.2 %           37.7 %         36.8 %           44.9 %         32.8 %           45.3 %         33.6 %

(1) Same Facility Results represents facilities purchased by the Company at least three calendar years ago, which for the calendar year 2008 would include facilities purchased prior to January 1, 2005.

(2) Transitioning Facility Results represents facilities purchased by the Company less than three, but more than one calendar year ago, which for the calendar year 2008 would include facilities purchased from January 1, 2005 to December 31, 2006.

(3) Recently Acquired Facility Results represents any facility purchased by the Company less than one full calendar year ago, which for the calendar year 2008 would include facilities purchased on or after January 1, 2007.


                             Results of Operations
                           Year to Date Periods 2007

                                 Six Months Ended                 Nine Months Ended                Twelve Months Ended
                                     June 30,                       September 30,                      December 31,
                               2007             2006            2007             2006             2007             2006
                              (Dollars in thousands)            (Dollars in thousands)            (Dollars in thousands)
Total Facility Results:
Revenue                    $     198,247      $ 168,727      $   302,339      $   261,065      $   411,318      $   358,575
Number of facilities at
period end                            60             49               61               54               61               57
Actual patient days            1,013,624        878,536        1,546,083        1,355,323        2,078,893        1,849,932
Occupancy percentage -
Operational beds                    80.9 %         83.4 %           81.2 %           83.2 %           81.3 %           82.6 %
Skilled mix by nursing
days                                23.7 %         25.2 %           23.3 %           25.0 %           23.4 %           24.8 %
Skilled mix by revenue              45.1 %         47.2 %           44.5 %           46.9 %           44.7 %           46.8 %



                                 Six Months Ended                 Nine Months Ended                Twelve Months Ended
                                     June 30,                       September 30,                      December 31,
                               2007             2006            2007             2006             2007             2006
                              (Dollars in thousands)            (Dollars in thousands)            (Dollars in thousands)
Same Facility
Results(1):
Revenue                    $    142,955       $ 140,315      $   216,419      $   213,151      $   292,873      $   286,495
Number of facilities at
period end                           41              41               41               41               41               41
Actual patient days             751,978         760,112        1,137,935        1,148,880        1,521,640        1,533,399
Occupancy percentage -
Operational beds                   83.8 %          85.0 %           84.1 %           85.1 %           84.1 %           85.0 %
Skilled mix by nursing
days                               23.2 %          23.5 %           22.8 %           23.6 %           22.9 %           23.6 %
Skilled mix by revenue             43.6 %          45.1 %           43.1 %           45.0 %           43.5 %           44.9 %



                                Six Months Ended                 Nine Months Ended                Twelve Months Ended
                                    June 30,                       September 30,                      December 31,
                               2007             2006            2007             2006             2007             2006
                             (Dollars in thousands)            (Dollars in thousands)            (Dollars in thousands)
Transitioning Facility
Results(2):
Revenue                    $     25,187       $ 24,820      $     38,146       $  37,554      $      51,839      $  50,508
Number of facilities at
period end                            5              5                 5               5                  5              5
Actual patient days              93,389         98,423           142,735         148,163            191,463        197,290
Occupancy percentage -
Operational beds                   82.4 %         86.9 %            83.5 %          86.7 %             83.8 %         86.4 %
Skilled mix by nursing
days                               36.5 %         38.4 %            35.9 %          38.2 %             35.8 %         38.0 %
Skilled mix by revenue             59.5 %         61.3 %            58.5 %          60.9 %             58.7 %         60.7 %



                                 Six Months Ended                 Nine Months Ended                Twelve Months Ended
                                     June 30,                       September 30,                      December 31,
                               2007              2006            2007              2006            2007             2006
                              (Dollars in thousands)            (Dollars in thousands)            (Dollars in thousands)
Recently Acquired
Facility Results(3):
Revenue                    $      30,105       $  3,592      $      47,774       $ 10,360      $      66,606      $  21,571
Number of facilities at
period end                            14              3                 15              8                 15             11
Actual patient days              168,257         20,001            265,413         58,280            365,790        119,243
Occupancy percentage -
Operational beds                    69.6 %         44.3 %             69.8 %         53.7 %             70.3 %         57.2 %
Skilled mix by nursing
days                                18.9 %         14.5 %             18.4 %         16.2 %             18.3 %         17.7 %
Skilled mix by revenue              39.8 %         31.1 %             39.3 %         34.8 %             39.1 %         37.4 %

(1) Same Facility Results represents facilities purchased by the Company at least three calendar years ago, which for the calendar year 2007 would include facilities purchased prior to January 1, 2004.

(2) Transitioning Facility Results represents facilities purchased by the Company less than three, but more than one calendar year ago, which for the calendar year 2007 would include facilities purchased from January 1, 2004 to December 31, 2005.

(3) Recently Acquired Facility Results represents any facility purchased by the Company less than one full calendar year ago, which for the calendar year 2007 would include facilities purchased on or after January 1, 2006.


                             Results of Operations
                          Quarter to Date Periods 2007

                                              Three Months Ended              Three Months Ended              Three Months Ended              Three Months Ended
                                                   March 31,                       June 30,                      September 30,                   December 31,
                                              2007            2006            2007            2006            2007            2006            2007            2006
                                            (Dollars in thousands)          (Dollars in thousands)          (Dollars in thousands)          (Dollars in thousands)
Total Facility Results:
Revenue                                   $     97,978      $  83,352     $    100,269      $  85,375     $    104,092      $  92,338     $    108,979      $  97,509
. . .
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