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PACS Group Announces the Acquisition of Three Post-Acute Operations and the Real Estate of Four Facilities
Businesswire· 2026-01-20 22:41
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]
Why One Fund Bought 1 Million Shares of This Healthcare Provider Stock Up 185% This Past Year
The Motley Fool· 2026-01-18 10:00
Company Overview - PACS Group is a leading provider in the post-acute healthcare sector, offering a diversified portfolio of senior care and assisted living facilities, employing tens of thousands of professionals to deliver integrated care solutions [6] - The company generates revenue primarily from healthcare and related ancillary services, targeting seniors and individuals requiring post-acute care [9] - As of January 15, PACS shares were priced at $39.37, reflecting a significant increase of 184.9% over the past year, outperforming the S&P 500 by 168.16 percentage points [3] Financial Performance - PACS Group reported a total revenue of $5.14 billion and a net income of $169.04 million for the trailing twelve months (TTM) [4] - The company posted third-quarter revenue of $1.34 billion, representing a year-over-year increase of 31%, with adjusted EBITDA of $131.5 million and operating cash flow exceeding $400 million for the first nine months of the year [11] - Occupancy rates at mature facilities remain near 95%, significantly above the industry average of approximately 80% [11] Recent Developments - Crewe Advisors disclosed the acquisition of 1,035,747 shares of PACS Group, with an estimated transaction value of $22.72 million, increasing its holdings to a total value of $82.45 million, a net increase of $67.19 million from the prior quarter [2] - Following the acquisition, PACS Group now represents 7.3% of Crewe Advisors' 13F assets, indicating a strong commitment to the stock [3][8] - The recent capital inflow into PACS shares, despite their substantial price increase, suggests investor confidence in the company's fundamentals rather than a mere momentum chase [11]
PACS Group, Inc. (PACS) Presents at 44th Annual J.P. Morgan Healthcare Conference Transcript
Seeking Alpha· 2026-01-14 06:45
Company Overview - PACS Group is focused on revolutionizing the delivery, leadership, and quality of post-acute care nationally, primarily specializing in the operations of skilled nursing facilities [4]. Leadership - The company is co-founded by Jason Murray, who serves as CEO, and Mark Hancock, who is the CFO [2][3].
PACS Group, Inc. to Present at Annual J.P. Morgan Healthcare Conference on Tuesday, Jan. 13, 2026, at 5:15 p.m.
Businesswire· 2026-01-12 21:15
Group 1 - PACS Group, Inc. will present at the annual J.P. Morgan Healthcare Conference on January 13, 2026, at 5:15 pm Pacific Time, with a live webcast available [1] - The company operates 321 post-acute care facilities across 17 states, serving over 31,000 patients daily [2] - PACS Group has been recognized as one of Utah's Best Companies to Work For in 2022 and 2023, and ranked 25 and 9 among Utah's Fastest Growing Companies in 2022 and 2023 respectively [2] Group 2 - PACS Group provides technology and administrative support services to healthcare facilities, allowing leadership to focus on patient care [2] - The company is a holding entity investing in post-acute healthcare facilities and ancillary services, founded in 2013 [2] - All healthcare services are provided by licensed subsidiaries under the direction of licensed healthcare professionals [3]