Josh Jergensen, president and COO of PACS Group (NYSE: PACS), said Tuesday that the nursing home giant is just getting started on its growth plans following its latest transaction to acquire 32 facilities in Florida. The transaction comes on the heels of PACS’ 34-facility acquisition of Eduro facilities, announced in June. “We’re kind of revving […]
PACS Group (NYSE: PACS) on Tuesday announced the acquisition of operations at 32 skilled nursing facilities across Florida, which will be leased from subsidiaries of Omega Healthcare Investors (NYSE: OHI). The 32 properties have a combined 4,049 licensed skilled nursing beds throughout the state, significantly expanding PACS’ reach in the South and complementing 71 existing […]
PACS Group (NYSE: PACS) reported a strong second quarter and raised full-year guidance, with executives sharing more details Wednesday on its 34-facility, multistate acquisition from Eduro Healthcare. Earnings momentum for the nursing home giant continued to be driven by operational improvements rather than acquisitions alone as skilled nursing investments remained a key priority, both through […]
PACS Group (NYSE: PACS) announced Monday that its subsidiaries have entered into a definitive agreement to acquire the operations of 34 skilled nursing facilities across six western states from Eduro Healthcare, a family-owned company. The transaction includes 22 facilities in Texas, six in Montana, three in South Dakota and one facility each in New Mexico, […]
PACS Group (NYSE: PACS) reported strong performance for the first quarter of 2026, reflecting growth across its platform, with executives citing improvements in skilled nursing reimbursement, managed care contracts and occupancy levels. “We recognize that there has been ongoing discussion around managed care providers potentially reducing admissions into skilled nursing facilities. While we continue to […]
Nursing home operators are adopting a healthy mix of technological investment and structured processes, always with a goal of improving quality outcomes and empowering leadership. But, determining where and how much to invest in a given technology can be tricky. While some operators have invested in tech tools to aid M&A decision making, others are […]
The Ensign Group expanded its footprint, adding 15 skilled nursing facilities (SNFs) in Texas. Meanwhile, PACS Group announced plans Friday to expand in Alaska, including the development of a 150-bed SNF on adjacent land. Ensign expands in Texas The Ensign Group (Nasdaq: ENSG) announced Thursday the acquisition of the real estate and operations of 15 […]
Following government scrutiny of its billing practices, nursing home giant PACS Group (NYSE: PACS) is entering a new phase of growth defined by strengthened compliance, according to CEO and co-founder Jason Murray. After its initial public offering in 2024, the company was thrust into an investigation that prompted it to reassess internal practices. Today, there […]
PACS Group (NYSE: PACS) executives shared updates Tuesday on the company’s 2026 outlook – and its ongoing federal investigation – with CEO Jason Murray stating that the Utah-based nursing home operator is a different organization after the crisis surrounding the investigation into its billing practices more than a year ago. “We’re a different organization. We’re […]
In reporting record financial and operating results for fiscal year and the fourth quarter of 2025 on Thursday, PACS Group (NYSE: PACS) executives highlighted strong occupancy levels, with nearly three-fourths of its facilities achieving top-tier star ratings across its skilled nursing portfolio. The Utah-based company also posted significant revenue growth and expansion. “Over the last […]
PACS Group (NYSE: PACS) acquired the real estate of four skilled nursing facilities across California and Arizona. Meanwhile, its subsidiaries acquired the operations of three post-acute facilities totaling 230 beds. PACS Acquisitions PACS Group announced that independently operated subsidiaries of the company have acquired the operations of three post-acute care facilities – two in Alaska […]
PACS Group (NYSE: PACS) expects 2026 to be characterized by strong operating and clinical momentum, with plans to own more of its currently leased skilled nursing facilities and build more hospital-like care settings. The company has $350 million in cash, minimal debt and additional credit capacity, allowing it to pursue mergers and acquisitions at a […]
PACS Group (NYSE: PACS) on Wednesday held its first quarterly earnings call in about 15 months, with leadership bullish on the company’s new compliance framework and touting record revenue and adjusted earnings year to date. The executive team was eager to turn the page given that the company has been beleaguered since Hindenburg Research, a […]
PACS Group (NYSE: PACS) announced in a Securities and Exchange Commission (SEC) filing Monday that it overstated revenue related to Medicare Part B billings, and will restate its previously issued financial statements for the first and second quarters of 2024. The company now estimates it overstated revenue by approximately $15 million to $17 million in […]
PACS Group (NYSE: PACS) is amending its credit agreement with lenders to address delays in filing its required financial reports with the Securities and Exchange Commission (SEC), stating that there are “no guarantees” it will meet a November deadline to avoid a potential delisting from the New York Stock Exchange. These changes come as PACS […]
A growing number of skilled nursing providers are adopting a regional “pod cluster” model championed by nursing home giants such as Ensign Group (Nasdaq: ENSG), National HealthCare Corp., and PACS Group (NYSE: PACS), to gain operational efficiencies, foster collaboration, and drive better clinical and financial outcomes. And now, Genesis too is eyeing the pod cluster […]
Deals in the U.K. continued to be a large driver of investment activity in 2025 for Omega Healthcare Investors (NYSE: OHI), with a $344 million April investment of a 45-care home portfolio in the U.K. and Jersey, closing after the first financial quarter’s end. Care homes in the U.K. are essentially nursing homes, but can […]
PACS Group (NYSE: PACS) leaders are facing a shareholder lawsuit tied to an alleged scheme to submit false Medicare claims. Five PACS executives, including CEO Jason Murray and CFO Derick Apt, are named as defendants in the now-consolidated federal securities fraud class action lawsuit. According to the complaint filed on March 21, these PACS executives […]
The economic and operational climate continues to favor big players and industry consolidation this year. As a result, top providers to watch in 2025 are those chains planning to tap into scale for efficiencies, as well as those leveraging technology and value-based care to thrive. It’s worth noting that operational pressures, including a shortage of […]
CareTrust REIT (NYSE: CTRE) executives said Thursday that they have no plans to slow down dealmaking in 2025, noting that the fundamentals for skilled nursing remain strong. They anticipate no major disruptions from potential Medicaid or Medicare changes under the new administration, high interest rates, and exposure to PACS Group (NYSE: PACS) holdings. “Financial markets, […]
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