The Ensign Group, Inc. (NASDAQ:ENSG) Q2 2023 Results Conference Call July 28, 2023 1:00 PM ET

Company Participants

Chad Keetch - Chief Investment Officer

Barry Port - CEO

Spencer Burton - President and COO

Suzanne Snapper - EVP and CFO

Conference Call Participants

Scott Fidel - Stephens

Ben Hendrix - RBC Capital Markets

Operator

Good day, and thank you for standing by and welcome to Ensign Group Incorporated Second Quarter Fiscal Year 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to Chad Keetch, Chief Investment Officer. Please go ahead.

Chad Keetch

Thank you, operator, and welcome everyone.

We filed our earnings press release yesterday, and it is available on the Investor Relations section of our website at ensigngroup.net. A replay of this call will also be available on our website until 5 pm Pacific on Friday, August 25, 2023. We want to remind any listeners that may be listening to a replay of this call that all statements made are as of today, July 28, 2023, and these statements have not been nor will be updated subsequent to today's call.

Also, any forward-looking statements made today are based on management's current expectations, assumptions and beliefs about our business and the environment in which we operate. These statements are subject to risks and uncertainties that could cause our actual results to materially differ from those expressed or implied on today's call. Listeners should not place undue reliance on forward-looking statements and are encouraged to review our SEC filings for a more complete discussion of factors that could impact our results. Except as required by federal securities laws, Ensign and its affiliates do not undertake to publicly update or revise any forward-looking statements, where changes arise as a result of new information, future events, changing circumstances or for any other reason.

In addition, The Ensign Group, Inc. is a holding company with no direct operating assets, employees or revenues. Certain of our wholly owned independent subsidiaries, collectively referred to as the Service Center, provide accounting, payroll, human resources, information technology, legal, risk management and other services to the other operating subsidiaries through contractual relationships with such subsidiaries.

In addition, our wholly owned captive insurance subsidiary, which were referred to as the Insurance Captive, provides certain claims made coverage to our operating companies for general and professional liability, as well as for workers' compensation insurance liabilities.