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ENSIGN GROUP The Ensign Group Reports First Quarter 2021 Results ; Raises 2021 Earnings Guidance April 29 , 2021 Conference Call and Webcast scheduled for tomorrow , April 30 , 2021 at 10:00 am PT SAN JUAN CAPISTRANO , Calif . , April 29 , 2021 ( GLOBE NEWSWIRE ) -- The Ensign Group , Inc. ( Nasdaq : ENSG ) , the parent company of the Ensign ( TM ) group of companies , which provide post - acute healthcare services and invest in the long - term healthcare industry , primarily in skilled nursing and senior living facilities , announced record operating results for the first quarter of 2021 , reporting GAAP diluted earnings per share of $ 0.86 for the quarter ended March 31 , 2021. Ensign also reported a record adjusted earnings per share ( 1 ) of $ 0.87 for the quarter . Highlights Include : ■ GAAP diluted earnings per share for the quarter was $ 0.86 , representing an increase of 17.8 % over the prior year quarter . Adjusted diluted earnings per share for the quarter was $ 0.87 , an increase of 13.0 % ( 1 ) over the prior year quarter . ■ Consolidated GAAP revenues for the quarter were $ 627.3 million and adjusted revenues for the quarter were $ 626.8 million ( 1 ) , both increased by 6.4 % over the prior year quarter . ■ Same store and transitioning skilled revenue improved by 7.6 % and 43.7 % , respectively , over the prior year quarter with an increase in skilled mix days of 4.4 % and 9.9 % , respectively . ■ Same store occupancy increased by 0.4 % and transitioning occupancy increased by 1.6 % , both sequentially over the fourth quarter . ■ Same store and transitioning managed care daily revenue improved by 15.9 % and 24.2 % , respectively with increases in Managed Care daily census of 17.5 % and 25.5 % , respectively , sequentially over the fourth quarter . ■ Transitioning and skilled services ( 2 ) segment income increased to $ 88.9 million or 10.3 % compared to prior year quarter and increased by $ 4.8 million or 5.7 % sequentially over the fourth quarter . ■ Real estate ( 2 ) segment income was $ 8.8 million for the quarter , an increase of 39.5 % from prior year quarter . FFO was $ 13.5 million for the quarter , an increase of 24.7 % from prior year quarter . ■ GAAP net income was $ 49.2 million for the quarter , an increase of 20.5 % from prior year quarter . Adjusted net income for the quarter $ 49.6 million for the quarter , an increase of 15.5 % ( 1 ) over the prior year quarter . ( 1 ) See " Reconciliation of GAAP to Non - GAAP Financial Information " . ( 2 ) Our Transitional and Skilled Services and Real Estate Segments are defined and outlined in Note 7 on Form 10 - Q . Operating Results " We are very happy to report record results again this quarter . Thanks to early access to the vaccine , we have seen a significant reduction in the number of COVID - positive patients and staff in our operations throughout the first quarter and since with weekly resident and staff cases now in the single digits across our entire portfolio . As a result , our patients and caregivers have begun to enjoy an environment that , although certainly different in many ways , is starting to look and feel a lot more like pre - COVID times , " said Barry Port , Ensign's Chief Executive Officer . " As they've shown so many times before , our locally - empowered leadership teams have yet again demonstrated the agility of our model as they have customized their strategies to meet the specific needs of the markets they serve . In doing so , our operations have separated themselves from a traditional nursing home care , remaining integral to the preservation of the healthcare continuum providing for complex medical needs . As they have done so , our operations have begun to see occupancies climb , particularly among our managed care patients . And now , as these operations emerge from the height of this crisis , they are poised to fill an even greater role than before as new standards for excellence in post - acute care , " he added . Port noted that the Company saw a marked improvement in patient census , with a 3.4 % and 18.6 % increase in Medicaid and