Spinoff Report
New Spin: ENSG's Announced Break-Up Structured Like 2014 Winner
With a plan nearly fully formed on the announcement, The Ensign Group, Inc. (ENSG) is prepared to distribute its home health and hospice services business to shareholders and publicly list The Pennant Group, Inc. (PNTG) before or in Q4 2019. ENSG has prior experience in value creation through a Spinoff, having previously Spun CareTrust REIT, Inc. (CTRE) in June 2014, and this new Spin is structured in a similar manner. Can ENSG catch lightning in a bottle twice?

  • Tax-Free Distribution of Home Health & Hospice Business Already Filed Initial Form 10
  • Innovative Operating Model Provides Quality Care Outcomes in Lower Cost Settings
  • 2014 Spinoff of CTRE Total Returns of +290% (Parent) & +123% (Spinoff) / Outperformed Relevant Indices
  • Director's Insider Buying Returns +212% / Turned ~$86k into ~$182k / ENSG Ownership Worth $4m
  • Anticipated Q4 2019 Separation / ENSG Enters the Upcoming US Spinoff Calendar
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