for Thanks and joining Thanks, us everyone. today. Chad, good morning,
these important this for We put families all end of I stories that a last their this our to own their during and say sometimes service through dedication time. else never the in not residents way on their every But a share they day. before Northern the of that today, But little unusual, within disasters, tropical it acknowledge amazing on hurricane, at that and amazing about the I of the is is shines first people so these are call organization anything did and and loved and sacrifice many. storms tragedies to our they during across been has want light organization to Our before just selfless while how organization ones. patients spread know walk California. our lot the our individuals sacrifice and as of amazing some we this would experienced I’ll live work quarter they since wildfires kinds a bit we’ve more
to report pleased across operational the significant that organization. improvements we We’re experienced
positive seeing business in been core our expecting. our We’re a ramp we’re in seeing shift skilled momentum now nursing performance and in we’ve that the
in we the positive During increase and of XX.X% the quarter, an over second year XX.X% Transitional the Skilled experienced quarter, Services segment an over quarter. income the sequentially trends of and segment prior with increase in
year up the per record and earnings to GAAP quarter XX.X% XX.X% was quarter the Our adjusted a share $X.XX. earnings $X.XX prior to per up for over share was
transform clinical, majority principles a earnings. reasons, sense and a something turnarounds strategic rare on proven that paid when we’ve this we significant primarily on operations Throughout we them require multiple that distressed made our for on describe deals vast when Over focused application financial the into portfolio. organic our discussed few often to on we’ve organic the growth we to In years, healthcare are cultural Based our the feedback But what opportunity we’ve of within we Ensign growth. great. take turnarounds. acquisitions received, require the it wanted mean potential to instances, history, explain of
contribute of they the to before the So in nearly time growth, our has growth is we’re talk because and speaking we operations we about losing at we the When that these about money them, value of organic. all are the acquire to most turnaround experience line. bottom that all organic acquisitions occur
difficult top years, Though growth. it’s line organic standards due of experience to last we we the bookkeeping a track comparison very the we’ve bottom significant after and the the make first maintained often in in XX performance seller. and Over varying take established improvements by both record a to ownership, quarter
However, improvements operational of our our across all we is nursing XXX, points, our basis and average the over specifically, that quarter ownership the and can occupancy, More of several XXth EBITDAR first after average healthcare occur skilled improvement show XXX quarter and It operation, respectively. these as Between a quarter acquisitions, XXX take to truly transition time operations. the XXX in revenue and we between first and margin revenue fifth is X,XXX skilled transitions mix takes clinical skilled respectively. points, and the culture transform. XXX, mix the in quarter, measures same and basis EBITDAR average reputation to the take years improvement often
and Of has quicker pathway are over been this some proven acquisitions, to but again. course, others, over than the transitions XXX progress and of period years over XX
the acquisition As we’re years. about times many coming quarters, we talked of last our over few largest off some
have several assisted the tirelessly skilled talented XX acquired local and recently organization. XX into leaders years, Over integrating been last the and living our transitioning operations nursing
to see challenging fruit spite process We’re of circumstances. beginning multi-year in this very some excited to bear
to the wave narrow, networks in organic core inherent of nursing baby the and skilled our next as boomers growth enormous several Over continue the capitalize we’re potential on business. years, positioned to arrives
highest care. Our on local teams continue quality the post-acute their providing focus
operations And during of the achieved four more skilled at year, our quarter. our the star quarter-end. those of carry additions, nursing and skilled During nursing five that ratings with operations designation XX XXX
our improvements extending to The acquisition in best post-acute complex strengthening continue and time a to the and rates capabilities other the post-acute outcomes, pathways necessary continue clinical programs new to make for which were of more gradually two continuum, the care. patients across one readmission the lowering most star to their care we With on in and operations of invest ratings. operations care at increase focus
which As outcomes a indicators significant occupancy skilled seeing to we’re mix. satisfaction, key in drives and related improvements result, and
also the new assisted success services. transportation non-emergency other continued post-acute health, living, business home We’re care encouraged and care, by ventures, medical including of hospice very our
that direction skilled leaders while of center independent and in often our ventures. operations While nursing their else, operations. core key value other quietly and been skilled simultaneously resources, bolstering overshadows Under clinical we consistent achieved everything our financial the building understand nursing have significantly these we’ve service results,
of see segments these and to grow by each operations. acquiring underperforming assets expect We
often proven apply we value underlying principles, difficult they As this will believe forgotten become Ensign ignore. increasingly to more
three hospice growth Cornerstone only Similarly, its health has ability these a Ensign’s segments represents three living several apply which of other of a X.X% is agility of of measures the along organization’s each healthcare completed business and within those X.X% new that portfolio, when of Healthcare, few business ago. evidence two X.X% operations operating principles And these ventures ventures campuses are little initial of XX The in further and services. revenue, approaching revenue, Ensign’s consists years those the public over independent its representing assisted healthcare XX achieved and with Ensign, while in of Collectively, now these total it just profitable of company portfolio ago. living consolidated and of are independently states self-sustaining. ventures in each standalone while consolidated only the portfolio and everyone our Our offering XXXX. size home X% to represents years and representing quickly income measures XX total now
in estate but and credit our since by real we shareholders excited real assets transaction, those little incredible to real underlying of spin about the to now value XX received CareTrust of Prior estate REIT XXX in being estate in XXXX. no We’ve added assets for XX operations the value We’re created to also owned our all acquired own assets. CareTrust. underlying spun-out one the our amount
attractive at methodically create As the estate we another to continues spin, portfolio time of the real we that anticipated value. built
again is being value overlooked. that However,
real continue to we’ll that value performance. available value unlock of we for benefit in value the As options an it’s also the to are operationally-driven recognize us solid on operational And But our believe this estate. important shareholders. organization, focus own many to creating growing there our to through underlying
our As between reaffirming share adjustment or $X.X guidance share. this share represents $X.XX we’re XXXX we diluted X% annual annual the announced EPS adjusted per to also over Overall, and earnings approximately $X.XX $X.XX $X.XX to and in high-end results. XXXX per our decrease, of The XXXX of our growth earnings guidance revenue XX% per adjusted our guidance. billion billion in yesterday, guidance represents a
quarter levels by insurance healthcare year-to-date were results our quarter, share as our Had percentage a impacted last would at this higher. the an in with $X.XX as revenue costs. remained in increase these earnings of been per operating expenses XXXX, have As same
quarter, have first Our much to in operational from the will more make would quarters. the while to over three represented too a up didn’t if impact year. we overcome non-GAAP We impact. done for up made healthcare our our for fourth And adjust But impact this us to $X.XX earnings of EPS probably increase improvement that the had results. we XX% exclude have expect XXXX so, be this
ways We to increased evaluate expect find predictability the continue and forward. these cause to going the improve cost for to
to to guidance of share in and per guidance revenue guidance into we’re to Lastly, annual provide for over per giving significant earnings billion share XXXX. $X represents XXXX XXXX order additional some expectations, our insights $X.XX improvement results. future This billion, of diluted a $X.XX $X.XX
and Chad? We’re year confident of is coming activity. I’ll very ask And with about recent excited long-term Ensign future and update the give on investment the to bright. fourth Chad us of near-term an in that, the quarter our are
