There are more than 250 companies in our combined portfolios, and they are all making amazing advancements. From names you know, like Tesla, to those little gems you haven’t heard of yet, like Xylem, we want you to know all about what your holdings are up to. These ‘deep dives’ will help you understand what you’re invested into and how your dollars are making the world a better place.
The Ensign Group is part of our Healthy Living portfolio.
- 76 million Baby Boomers who are approaching or hitting retirement age
- Ensign offers a range of services to seniors in more than 200 facilities across the US from assisted living rehabilitative programs
- Ensign has a market cap of $1.2 billion, and reported $471 million in earnings for Q3 2017
Old age has changed a lot in recent years. The stereotype of suspenders and a rocking chair — or worse, a few choice words from the view of a shaded porch — has given way to a generation of people who are simply redefining what it means to experience their golden years. Some are continuing to work past retirement age, either by choice or need, and others are moving into multi-generational homes. There are more who are traveling the world, and others who are running marathons. Some are celebrating birthdays into their 90s, and quite a few are seeing past their centennials.
Time is ever more on the side of humans, as medicine and technology allow us to live healthier and longer lives. So for the 76 million Baby Boomers who are approaching or hitting retirement age, an important question arises: What next?
As much as there are those who will be able to work, or travel, or run marathons, there are plenty of others who will face this stage with the more mundane need for care and shelter. There are meals to eat and medicines to take, muscles to strengthen, and social calendars to build. These aren’t usually the details that make headlines, but they are what make a fulfilling life in these often challenging years. And when families are looking for a comforting place to make this happen, they turn to the Ensign Group.
For nearly 20 years, this company has been offering a range of services to seniors in more than 200 facilities across much of the United States. From assisted living and nursing operations to a range of therapeutic and rehabilitative programs, to help with health care needs, the Ensign Group serves long-term residents and short-stay patients with knowledge and care. It’s all so that anyone who reaches this age has a chance to define it for themselves because no one wants to be a stereotype.
Although the Ensign Group cares for people of retirement age, it’s still in its teenage years. The company incorporated in 1999, with a headquarters in the Southern California city of Mission Viejo, and sees itself as a community of “independently operating affiliates” that is concentrated mostly on the Western and Midwestern end of America. These so-called affiliates break down into four distinct areas: in-house therapy, senior living, skilled nursing, and home health and hospice. Let’s chat about each of them below.
For patients requiring in-house therapy, Ensign Group has a staff of trained therapists at each of its outposts. There are physical and occupational therapists, speech and language pathologists, and rehab aide technicians who are all a part of this team, and each assigned therapist stays with his or her patient for the duration of the required care. The skilled nursing department is made up of doctors, nurses, and caregivers who are on call at each facility throughout the day and every day of the week. Again, the department works with each patient depending on his or her needs, with the most care obviously going to patients who live on site.
The senior living category has two distinctions, assisted living and independent living, with each offering private living quarters, daily activities, food and healthcare, and anything else to make the spaces feel like home. Lastly, the home health and hospice services take place in a person’s actual address, and works alongside his or her family members to create a tailored “rehabilitation” or “aging in place” plan.
Of course, all of these topics are not easy ones to talk about. That’s why the Ensign Group also has teams to walk families and their loved ones through the process of participating in a range of care, whether it’s regular exercise or moving into an assisted living center. Want some help with something small? Ensign Group can also walk a family through the process of signing up for things like Medicare, even. It’s all in the hope that the process of getting old doesn’t have to be daunting. In fact, with the help of Ensign Group’s professionals, the hope is that getting old can simply be just another phase of life — and a good one at that.
There’s an eyebrow-raising statistic that is often shared when talking about the group of people entering retirement age. It’s that 10,000 Baby Boomers turn 65 each day, making the idea of getting old not just a faraway plan but an of-the-moment reality for many. In fact, here’s another one that can elicit the same piqued response: Americans are living more than half a decade longer than they were 50 years ago. Older Americans have never made up a larger cohort of the nation’s population before, and therefore, a plan is needed.
While there are those who will buck the stereotypes for marathons and round-the-world trips, perhaps most will be satisfied with a comfortable home and trained people to look out for them. And even though Ensign Group is young by some standards, its business has its eyes on a big future — it has a market capitalization of $1.2 billion, and reported $471 million in earnings for the third quarter of 2017.
Perhaps the best part about getting older is the ability to make our own decisions, and it’ll be interesting to see how this group of Americans decides to spend their golden years. Ensign Group hopes that it creates a safe and welcoming community for anyone to better their health and livelihood, and that is worthy of consideration.