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ENSIGN GROUP The Ensign Group Reports Third Quarter 2021 Results ; Increases 2021 Earnings Guidance and Announces formation of a Captive REIT October 27 , 2021 Conference Call and Webcast scheduled for tomorrow , October 28 , 2021 at 10:00 am PT SAN JUAN CAPISTRANO , Calif . , Oct. 27 , 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 post - acute care real estate and related businesses , primarily in skilled nursing and senior living operations , announced operating results for the third quarter of 2021 , reporting GAAP diluted earnings per share of $ 0.83 and a record adjusted earnings per share of $ 0.91 ( 1 ) for the quarter ended September 30 , 2021 . Highlights Include : ■ GAAP diluted earnings per share for the quarter was $ 0.83 , representing an increase of 7.8 % , and adjusted diluted earnings per share was $ 0.91 , an increase of 16.7 % ( 1 ) , both over the prior year quarter . ■ Consolidated GAAP revenues and adjusted revenues ( 1 ) for the quarter were $ 668.5 million , both increasing by approximately 11.6 % over the prior year quarter . ■ Same store and transitioning managed care census increased by 25.0 % and 30.4 % , respectively , and managed care revenue improved by 26.4 % and 28.3 % , respectively , both over the prior year quarter . ■ Same store and transitioning occupancy increased by 280 bps and 440 bps , respectively , over the prior year quarter and increased by 50 bps and 200 bps , respectively , sequentially over the second quarter . ■ Same store and transitioning skilled days increased by 12.7 % over the prior year quarter and 4.8 % sequentially over the second quarter . ■ Total skilled services ( 2 ) segment income increased by 11.4 % compared to prior year quarter to $ 94.4 million . ■ Real estate ( 2 ) segment income was $ 8.9 million for the quarter , an increase of 5.1 % over the prior year quarter and FFO was $ 13.8 million for the quarter , an increase of 6.5 % over the prior year quarter . ■ GAAP net income was $ 47.3 million for the quarter , an increase of 9.8 % over the prior year quarter . Adjusted net income for the quarter $ 51.8 million , an increase of 18.6 % ( 1 ) over the prior year quarter . ( 1 ) See " Reconciliation of GAAP to Non - GAAP Financial Information " . ( 2 ) Our Skilled Services and Real Estate Segments are defined and outlined in Note 7 on Form 10 - Q . Operating Results " We are pleased to announce another record quarter in spite of the continued challenges related to the pandemic and the disruption in the labor markets . Even while the COVID - 19 delta variant peaked during the quarter , our local teams again demonstrated incredible agility and responsiveness to the evolving landscape . Remarkably , in the face of these unprecedented challenges , we saw occupancies continue to improve and skilled revenue and managed care revenues increase throughout the quarter . We were particularly pleased that we achieved sequential growth in occupancy for the fourth consecutive quarter and managed care census has grown sequentially five quarters in a row . From the low point of our pandemic period census , which we hit in December of 2020 , our same store and transitioning operations have already improved census by over 51 % . As always , these outstanding quarterly results are made possible by the heroic efforts of our local operators and caregivers , " said Ensign's Chief Executive Officer Barry Port . Port continued , " While we are excited about our accomplishments this quarter , we know we can do so much better and are excited about the enormous potential within our portfolio as we return to and exceed pre - COVID census levels . To that end , we expect to see some continued improvement in the fourth quarter and are increasing our annual 2021 earnings guidance to