PACS Group Announces the Acquisition of Three Post-Acute Operations and the Real Estate of Four Facilities

Core Insights - PACS Group, Inc. has acquired three post-acute care facilities, two in Alaska and one in Idaho, totaling 230 beds [1][2] - The acquisitions include real estate for the two Alaska facilities, while the Idaho facility will operate under a lease [2] - This expansion increases PACS' portfolio to 324 communities across 17 states, with nearly 36,000 beds [3] Company Strategy - The company focuses on disciplined growth in the post-acute care sector as part of its operating and investment strategy [3] - Key elements of the growth strategy include expanding operational footprint and selectively increasing real estate ownership [3] - PACS aims to revolutionize post-acute care nationally, enhancing care delivery and long-term performance in strong market fundamentals [3] Company Overview - PACS Group, Inc. is a holding company investing in post-acute healthcare facilities and services, founded in 2013 [4] - It operates 324 post-acute care facilities serving over 31,000 patients daily [4] - The company has been recognized as one of Utah's Best Companies to work for in 2022 and 2023, and ranked among Utah's Fastest Growing Companies [4]