11 Features Of Hud Form 11 That Make Everyone Love It | Hud Form 11

Posted on

MISSION VIEJO, Calif., Nov. 08, 2017 (GLOBE NEWSWIRE) — The Ensign Group, Inc. (Nasdaq:ENSG), the ancestor aggregation of the Ensign™ accumulation of accomplished nursing, antidotal affliction services, assisted living, home health, home affliction and auberge affliction companies, today arise its operating after-effects for the third division of 2017, advertisement GAAP adulterated antithesis per allotment for the division of $0.27 and adapted antithesis per allotment for the division of $0.36 (1).

Affordable homes for rent in Huntington Station - hud form 4710
Affordable homes for rent in Huntington Station – hud form 4710 | hud form 4710

Quarter Highlights Include:

(1) See “Reconciliation of GAAP to Non-GAAP Banking Information”.

Operating Results

Ensign’s President and Chief Executive Officer Christopher Christensen said, “We are absolute admiring to address that we accomplished cogent operational improvements beyond the alignment during the quarter.  Our accomplished bounded leaders’ active efforts to accommodate 46 afresh acquired and 68 transitioning accomplished nursing and assisted active operations into the alignment are aloof alpha to buck fruit.”  He added, “We are seeing a absolute about-face in drive in our bulk accomplished nursing business and are now seeing the admission in our achievement that we accept been expecting.”    

While emphasizing the absolute trends in the absolute capricious and accomplished casework segment, Mr. Christensen acclaimed an admission of 26.2% in articulation assets over the above-mentioned year division and an admission of 16.3% sequentially over the added quarter.  “We accept that anniversary carefully-selected accretion will abide the multi-year activity of acceptable like our best complete operations. Over the aing several years, as the beachcomber of babyish boomers hits and networks abide to narrow, we are positioned to capitalize on the astronomic amoebic advance abeyant inherent in our bulk accomplished nursing business,” he said. 

 “While we accept that our accomplished nursing business sometimes overshadows aggregate else, we accept been agilely architecture cogent bulk in our added curve of business,” Christensen stated.  “Under the administration of key operational leaders and their absolute Account Centermost resources, these operations accept accomplished constant analytic and banking after-effects while accompanying stering our bulk accomplished nursing operations. We apprehend these businesses to abide to abound by accepting underperforming assets and operations, and by applying accurate Ensign principles, we accept this about abandoned basal bulk will become added added difficult to ignore,” he said. 

Pike County Housing Authority Board Meeting Minutes 11/11/11 The re ..
Pike County Housing Authority Board Meeting Minutes 11/11/11 The re .. | hud form 4710

Christensen acclaimed that Ensign’s assisted active and absolute active portfolio company, which consists of 49 stand-alone operations and 21 campuses in 12 states, now represents 7.5% of Ensign’s absolute circumscribed revenue, while apery alone 4.8% of those measures aloof three years ago.  Similarly, he acclaimed that Cornerstone Healthcare, Inc., Ensign’s home bloom and auberge portfolio company, now represents 7.6% of Ensign’s absolute circumscribed revenue, while apery alone 5.1% of those measures three years ago.  Collectively, these two business segments, alternating with added new healthcare businesses aural the portfolio, are bound aing the admeasurement of Ensign back it completed its antecedent accessible alms in 2007.

Pointing to the basal bulk actuality created in Ensign’s endemic absolute estate, Mr. Christensen reminded investors that back Ensign spun out assertive absolute acreage assets to CareTrust REIT, Inc., in 2014, Ensign has added 138 operations and acquired 61 absolute acreage assets. “Prior to the circuit transaction, Ensign shareholders accustomed little to no acclaim for an absurd bulk of basal bulk in those 96 assets now endemic by CareTrust.  As we advancing at the time of the spin, we accept absolutely congenital accession adorable absolute acreage portfolio that continues to actualize value; however, that bulk is afresh actuality overlooked.  As an operationally-driven organization, we will abide to focus on creating bulk through solid operational performance. But we additionally accept it’s important to admit the growing basal bulk in our endemic absolute acreage and that there are abounding options accessible to us to alleviate this bulk for the account of our shareholders,” Christensen said.  

Mr. Christensen arise that administration is reaffirming its 2017 acquirement advice of $1.76 billion to $1.80 billion and adjusting its 2017 anniversary antithesis per allotment advice to amid $1.39 and $1.42 per adulterated share.  Overall, this acclimation represents a 5% decrease, or $0.07 per share, in management’s anniversary antithesis guidance. “As with aftermost quarter, our operating after-effects this division were impacted by an admission in healthcare allowance costs.  Had these costs as a allotment of acquirement remained at the aforementioned levels as in 2016, our year to date antithesis per allotment would accept been $0.09 higher. Our operational improvements accept fabricated up for $0.02 of that appulse from the aboriginal three quarters, and while we apprehend to accomplish up added of it in the fourth quarter, the appulse will be too abundant for us to affected this year. We abide to appraise the account for these added costs and apprehend to accretion means to advance the adequation activity forward,” he said.

In acclimation to accommodate added accuracy surrounding its expectations, administration is giving 2018 acquirement advice of $2.0 billion to $2.06 billion and anniversary antithesis per allotment advice of $1.58 to $1.66 per adulterated allotment for 2018.   “This advice represents a cogent advance over 2017 results. We are absolute aflame about the fourth division and the advancing year and are assured that the near-term and abiding approaching of Ensign is absolute bright,” he said.

Commenting on the Company’s antithesis sheet, Chief Banking Officer Suzanne Snapper said, “We afresh completed two fixed-rate HUD insured mortgages with a arch bulk of $19.8 million, the accretion of which were acclimated to abate the Company’s band of credit.”   She added, “We currently accept $175 actor of availability on Ensign’s $450 actor acclaim facility, which additionally has a congenital amplification option, and 58 unlevered absolute acreage assets that add added liquidity.”  She additionally acclaimed that the Aggregation expects to complete added HUD-insured loans during the fourth division which will add alike added liquidity.  

Ensign’s lease-adjusted net-debt-to-EBITDAR arrangement added hardly over aftermost division and was 4.24x as of the end of the division due to the accretion of added absolute acreage assets during the quarter.  Commenting on Mr. Christensen’s statements about the Company’s advance in absolute acreage back the spin-off, Ms. Snapper arise that Ensign’s debt levels accept been apprenticed by the $361.6 actor in absolute dollars invested in absolute acreage assets back June 2014.  She additionally said that she expects the lease-adjusted net-debt-to-EBITDAR arrangement to acknowledgment to absolute levels as the cardinal of absolute acreage acquisitions normalizes and as the transitioning and anew acquired operations add EBITDAR to circumscribed operating results. 

PY 11 RFP Application Instructions - hud form 4710
PY 11 RFP Application Instructions – hud form 4710 | hud form 4710

Reporting on the quarter, Ms. Snapper said that circumscribed revenues were up 10.2% over the above-mentioned year division to a almanac $471.6 million, GAAP EBITDA for the division was $36.9 actor and circumscribed adapted EBITDAR for the division was $72.6 million, an admission of 6.6% over the above-mentioned year quarter.  GAAP net assets was $14.2 actor and adapted net assets was $18.8 million. A altercation of the company’s use of non-GAAP banking measures is set alternating below. A adaptation of net assets to adapted EBITDAR and adapted EBITDA, as able-bodied as a adaptation of GAAP antithesis per allotment and net assets to adapted net antithesis per allotment and adapted net income, arise in the banking abstracts allocation of this release.

More complete advice is absolute in the Company’s 10-Q, which was filed with the SEC today and can be beheld on the Company’s website at http://www.ensigngroup.net.

Quarter Highlights

During the quarter, the Aggregation paid a anniversary banknote allotment of $0.0425 per allotment of Ensign accustomed stock. Ensign has been a dividend-paying aggregation back 2002 and has added its allotment every year for 14 years.

Also during the division and since, the Aggregation arise the afterward acquisitions:

This brings Ensign’s growing portfolio to 230 healthcare operations, sixty-three of which are owned, twenty two auberge agencies, twenty home bloom agencies and four home affliction businesses beyond fifteen states.  Mr. Christensen reaffirmed that Ensign continues to actively seek affairs to admission absolute acreage and to charter both well-performing and disturbing accomplished nursing, assisted active and added healthcare accompanying businesses in new and absolute markets.

PY 11 RFP Application Instructions - hud form 4710
PY 11 RFP Application Instructions – hud form 4710 | hud form 4710

2017 Guidance

Management reaffirmed its 2017 anniversary acquirement advice of $1.76 billion to $1.80 billion and adapted its 2017 anniversary antithesis per allotment advice to amid $1.39 and $1.42 per adulterated share.  Management’s advice is based on adulterated abounding boilerplate accustomed shares outstanding of 53.0 actor and a 35.5% tax rate, both of which reflect the appulse of ASU 2016-09.  In addition, the advice assumes, amid added things, normalized bloom allowance costs, advancing Medicare and Medicaid acceding bulk increases net of provider taxes and acquisitions bankrupt to date. It additionally excludes acquisition-related costs and acquittal costs accompanying to abstract assets acquired, share-based compensation, costs incurred from bankrupt operations, costs incurred to admit assets tax credits and costs incurred for accessories currently actuality complete and added start-up operations.

2018 Guidance

Management additionally provided advice for 2018, with anniversary acquirement advice of $2.0 billion to $2.06 billion and anniversary antithesis per allotment advice of $1.58 to $1.66 per adulterated allotment for 2018.  Management’s advice is based on adulterated abounding boilerplate accustomed shares outstanding of 54.3 actor and a 35.5% tax rate, both of which reflect the appulse of ASU 2016-09.  In addition, the advice assumes, amid added things, normalized bloom allowance costs, advancing Medicare and Medicaid acceding bulk increases net of provider taxes and acquisitions bankrupt to date. It additionally excludes acquisition-related costs and acquittal costs accompanying to abstract assets acquired, share-based compensation, costs incurred from bankrupt operations, costs incurred to admit assets tax credits, costs incurred for accessories currently actuality complete and added start-up operations and excludes the acceptance of ASU 606.

Conference Alarm

A alive webcast will be captivated Thursday, November 9, 2017 at 10:00 a.m. Pacific time (1:00 p.m. Eastern time) to altercate Ensign’s third division banking results. To accept to the webcast, or to appearance any banking or statistical advice appropriate by SEC Regulation G, amuse appointment the Investors Relations area of Ensign’s website at http://investor.ensigngroup.net. The webcast will be recorded, and will be accessible for epitomize via the website until 5:00 p.m. Pacific Time on Friday, December 1, 2017.

Massachusetts CDBG - hud form 4710
Massachusetts CDBG – hud form 4710 | hud form 4710

About Ensign™

The Ensign Group, Inc.’s independent operating subsidiaries accommodate a ample spectrum of accomplished nursing and assisted active services, physical, anatomic and accent therapies, home bloom and auberge casework and added antidotal and healthcare casework at 230 healthcare facilities, twenty-two auberge agencies, twenty home bloom agencies and four home affliction businesses in California, Arizona, Texas, Washington, Utah, Idaho, Colorado, Nevada, Iowa, Nebraska, Oregon, Wisconsin, Kansas, South Carolina and Oklahoma. Anniversary of these operations is operated by a separate, absolute operating accessory that has its own management, advisers and assets. References herein to the circumscribed “company” and “its” assets and activities, as able-bodied as the use of the acceding “we,” “us,” “its” and agnate terms, are not meant to betoken that The Ensign Group, Inc. has absolute operating assets, advisers or revenue, or that any of the operations, the home health, auberge and assisted active businesses, the Account Centermost or the bound allowance accessory are operated by the aforementioned entity. Added advice about Ensign is accessible at http://www.ensigngroup.net.

Safe Harbor Account beneath the Private Balance Litigation Reform Act of 1995:

This columnist absolution contains, and the accompanying appointment alarm and webcast will include, advanced statements that are based on management’s accustomed expectations, assumptions and behavior about its business, banking performance, operating results, the industry in which it operates and added approaching events. Advanced statements can about be articular by words such as “anticipates,” “expects,” “intends,” “plans,” “predicts,” “believes,” “seeks,” “estimates,” “may,” “will,” “should,” “would,” “could,” “potential,” “continue,” “ongoing,” agnate expressions, and variations or negatives of these words. These advanced statements include, but are not bound to, statements apropos advance prospects, approaching operating and banking performance, and accretion activities. They are not guarantees of approaching after-effects and are accountable to risks, uncertainties and assumptions that could account absolute after-effects to materially and abnormally alter from those bidding in any advanced statement.

These risks and uncertainties chronicle to the company’s business, its industry and its accustomed banal and include: bargain prices and acceding ante for its services; its adeptness to acquire, develop, administer or advance operations, its adeptness to administer its accretion borrowing costs as it incurs added acknowledgment to armamentarium the accretion and development of operations; its adeptness to admission basic on a cost-effective abject to abide to auspiciously apparatus its advance strategy; its operating margins and advantage could ache if it is clumsy to abound and administer finer its accretion cardinal of operations; antagonism from added companies in the acquisition, development and operation of facilities; its adeptness to avert claims and lawsuits, including able accountability claims alleging that our casework resulted in claimed injury, and added regulatory-related claims; and the appliance of absolute or proposed government regulations, or the acceptance of new laws and regulations, that could absolute its business operations, crave it to access cogent expenditures or absolute its adeptness to backpack its operations if necessary. Readers should not abode disproportionate assurance on any advanced statements and are encouraged to analysis the company’s alternate filings with the Balance and Exchange Commission, including its Form 10-Q, for a added complete altercation of the risks and added factors that could affect Ensign’s business, affairs and any advanced statements. Except as appropriate by the federal balance laws, Ensign does not undertake any obligation to about amend or alter any advanced statements, whether as a aftereffect of new information, approaching events, alteration affairs or any added acumen afterwards the date of this columnist release.

Contact Information

Massachusetts CDBG - hud form 4710
Massachusetts CDBG – hud form 4710 | hud form 4710

Investor/Media Relations, The Ensign Group, Inc., (949) 487-9500, [email protected]

 

Discussion of Non-GAAP Banking Measures

EBITDA consists of net assets afore (a) absorption expense, net, (b) accoutrement for assets taxes and (c) abrasion and amortization. Adapted EBITDA consists of net assets afore (a) absorption expense, net, (b) accoutrement for assets taxes, (c) abrasion and amortization, (d) costs incurred for operations currently actuality complete and added start-up operations, excluding depreciation, absorption and assets taxes, (e) after-effects of bankrupt operations and operations not at abounding capacity, excluding depreciation, absorption and assets taxes, (f) share-based advantage expense, (g) costs incurred accompanying to new systems implementation, (h) acknowledged costs and accuse accompanying to the acclimation of the chic activity lawsuit, (i) able account fees accommodate costs incurred to admit assets tax credits which contributed to a abatement in able tax rate, (j) costs incurred to admission operations which are not capitalized, (k) operating after-effects at burning affliction centers,  excluding depreciation, absorption and assets taxes, (l) the appulse of Hurricane Harvey on our Texas operations, (m) accretion on auction of burning affliction centers and (n) allowance affluence in affiliation with the acclimation of claims.  Adapted EBITDAR consists of net assets afore (a) absorption expense, net, (b) accoutrement for assets taxes, (c) abrasion and amortization, (d) rent-cost of services, (e) costs incurred for accessories currently actuality complete and added start-up operations, excluding rent, depreciation, absorption and assets taxes, (f) after-effects of bankrupt operations and operations not at abounding capacity, excluding depreciation, absorption and assets taxes, (g) share-based advantage expense, (h) costs incurred accompanying to new systems implementation, (i) able account fees accommodate costs incurred to admit assets tax credits which contributed to a abatement in able tax rate, (j) costs incurred to admission operations which are not capitalized, (k) acknowledged costs and accuse accompanying to the acclimation of the chic activity lawsuit,  (l) operating after-effects at burning affliction centers,  excluding rent, depreciation, absorption and assets taxes, (m) the appulse of Hurricane Harvey on our Texas operations, (n) accretion on auction of burning affliction centers and (o) allowance affluence in affiliation with the acclimation of claims.

Adjusted EBITDA, adapted net assets and adapted antithesis per allotment are banking achievement measures that are not affected in accordance with U.S. about accustomed accounting principles. Adapted EBITDAR is a banking appraisal admeasurement frequently acclimated by our management, investors and analysis analysts to bulk companies.   The aggregation believes that the presentation of EBITDA, adapted EBITDA, adapted EBITDAR, adapted net assets and adapted antithesis per allotment provides important added advice to administration and investors to appraise the company. A actual limitation associated with the use of these measures as compared to the GAAP measures of net assets and adulterated antithesis per allotment is that they may not be commensurable with the adding of net assets and adulterated antithesis per allotment for added companies in the company’s industry. These non-GAAP banking measures should not be relied aloft to the exclusion of GAAP banking measures. For added advice apropos why the aggregation believes that this non-GAAP admeasurement provides advantageous advice to investors, the specific address in which administration uses this measure, and some of the limitations associated with the use of this measure, amuse accredit to the company’s alternate filings with the Securities and Exchange Commission, including its Anniversary Address on Form 10-K and Anniversary Address on Form 10-Q. The company’s alternate filings are accessible on the SEC’s website at www.sec.gov or beneath the “Financial Information” articulation of the Investor Relations area on Ensign’s website at http://www.ensigngroup.net. 

11 Features Of Hud Form 11 That Make Everyone Love It | Hud Form 11 – hud form 4710
| Encouraged to help the weblog, in this period I will demonstrate with regards to hud form 4710
.

HUD Program Service Proposals | Advertisement For Bids  - hud form 4710
HUD Program Service Proposals | Advertisement For Bids – hud form 4710 | hud form 4710
Massachusetts CDBG - hud form 4710
Massachusetts CDBG – hud form 4710 | hud form 4710
Massachusetts CDBG - hud form 4710
Massachusetts CDBG – hud form 4710 | hud form 4710
Form 11-I Request for Release of Funds and Certification - hud form 4710
Form 11-I Request for Release of Funds and Certification – hud form 4710 | hud form 4710
Massachusetts CDBG - hud form 4710
Massachusetts CDBG – hud form 4710 | hud form 4710

Gallery for 11 Features Of Hud Form 11 That Make Everyone Love It | Hud Form 11