FARMINGTON, Utah / Dec 05, 2024 / Business Wire / PACS Group, Inc. (NYSE: PACS) (“PACS” or the “Company”) announced today that independent operating subsidiaries of the Company closed on the operations of 11 skilled nursing facilities in Tennessee on December 1, 2024, which collectively comprise 1,310 skilled nursing beds; a 12 th facility in Tennessee is expected to close in the first quarter of 2025, subject to the... Read More

FARMINGTON, Utah / Nov 26, 2024 / Business Wire / PACS Group, Inc. (NYSE: PACS) (“PACS” or the “Company”), today announced that on November 20, 2024 it received a written Filing Delinquency Notification (the “Notification”) from the New York Stock Exchange (“NYSE”) stating that the Company is not in compliance with Section 802.01E of the NYSE Listed Company Manual, Annual and Quarterly Report Timely Filing Criteria (the... Read More

FARMINGTON, Utah / Nov 19, 2024 / Business Wire / PACS Group, Inc . (NYSE: PACS) (“PACS”) is proud to announce that 36 of its affiliated post-acute communities have been named by U.S. News & World Report to their list of Best Nursing Homes for 2025. Those communities are as follows: Community Name Location All Saints Maubert San Leandro, CA All Saints Subacute & Transitional Care San Leandro, CA Balboa Nursing &... Read More

FARMINGTON, Utah / Nov 18, 2024 / Business Wire / PACS Group, Inc. (NYSE: PACS) (“PACS”) is proud to announce that 17 of its post acute communities have been named by Newsweek Magazine to their Best Nursing Homes for 2025. Those communities are as follows, listed in order by their state, and then their ranking in their state by category: Community Name State Ranking Category Apache Junction Health Center Arizona Fifth Over... Read More

Postpones Third Quarter 2024 Financial Results Conference Call FARMINGTON, Utah / Nov 06, 2024 / Business Wire / PACS Group, Inc. (NYSE: PACS) (“PACS” or the “Company”), today provided select preliminary key operating metrics for the third quarter and announced the postponement of the release of its third quarter 2024 financial results. PACS expects to release its third quarter 2024 financial results as soon as practicable.... Read More

FARMINGTON, Utah / Nov 01, 2024 / Business Wire / PACS Group, Inc. (NYSE: PACS) (“PACS” or the “Company”) announced today that independently operated subsidiaries of the Company have acquired the operations of 8 skilled nursing facilities in Pennsylvania. The facilities are located in the western Pennsylvania cities of Pittsburgh, Bedford, Bethel Park, Monroeville, and McMurray, and collectively comprise 1,199 skilled... Read More

FARMINGTON, Utah / Oct 31, 2024 / Business Wire / PACS Group, Inc. (NYSE: PACS) (“PACS Group” or the “Company”), today announced that it will release its third quarter 2024 financial results after market close on Thursday, November 7, 2024. Management will host a call on Thursday, November 7, 2024, at 5:00 p.m. Eastern Time to discuss the financial results and related information. PACS Group invites current and prospective... Read More

National Post-Acute Platform Adds 53 Facilities, Five New States and Senior Living Vertical to Portfolio FARMINGTON, Utah / Sep 10, 2024 / Business Wire / PACS Group, Inc. (NYSE: PACS) (“PACS”) has finalized its acquisition of operations of 53 skilled nursing, assisted and independent living facilities from Prestige Care (Prestige), bringing its proven model to new geographical areas. The facilities span eight western states... Read More

FARMINGTON, Utah / Sep 09, 2024 / Business Wire / PACS Group, Inc. (NYSE: PACS) (“PACS” or the “Company”) today announced the closing of its upsized underwritten public offering of 19,034,482 shares of its common stock, which includes (i) 2,777,778 shares of its common stock sold by the Company and (ii) 16,256,704 shares of common stock sold by certain selling stockholders, which includes the exercise in full by the... Read More

FARMINGTON, Utah / Sep 06, 2024 / Business Wire / PACS Group, Inc. (NYSE: PACS) (“PACS” or the “Company”) today announced the pricing of its upsized underwritten public offering of 16,551,724 shares of its common stock, which includes 2,777,778 shares of common stock sold by the Company and 13,773,946 shares of common stock sold by certain selling stockholders, at a public offering price of $36.25 per share, for total gross... Read More

FARMINGTON, Utah / Sep 03, 2024 / Business Wire / PACS Group, Inc. (NYSE: PACS) (“PACS” or the “Company”) today announced the commencement of an underwritten public offering of 13,888,890 shares of its common stock, including 2,777,778 shares of common stock sold by the Company and 11,111,112 shares of common stock sold by certain selling stockholders. The selling stockholders also expect to grant the underwriters a 30-day... Read More

Conference Call and Webcast scheduled for today, August 12, 2024, at 5:00 pm ET. FARMINGTON, Utah / Aug 12, 2024 / Business Wire / PACS Group, Inc. (NYSE: PACS) (“PACS” or the “Company”), which together with its subsidiaries is one of the largest post-acute healthcare companies in the United States, announced operating results for the second quarter of 2024. Highlights: GAAP net income (loss) was $38.2 million for the six... Read More

FARMINGTON, Utah / Aug 06, 2024 / Business Wire / PACS Group, Inc. (NYSE: PACS) (“PACS Group” or the “Company”), today announced that it will release its second quarter 2024 financial results after market close on Monday, August 12, 2024. Management will host a call on Monday, August 12, 2024, at 5:00 p.m. Eastern Time to... Read More

FARMINGTON, Utah / May 22, 2024 / Business Wire / PACS Group, Inc. (NYSE: PACS) (“PACS” or the “Company”) announced today that subsidiaries of the Company have agreed to acquire the operations of 53 skilled nursing and assisted/independent living facilities across 8 western states. The facilities are currently operated by Prestige, a family company whose legacy of caring for seniors dates back to the 1940s. The operations... Read More

FARMINGTON, Utah / May 13, 2024 / Business Wire / PACS Group, Inc . (NYSE: PACS) (“PACS” or the “Company”) announced today that Evelyn Dilsaver has been appointed to serve as a member of its Board of Directors. “We’re thrilled to have Evelyn join our board,” said Jason Murray, PACS Chairman and CEO. “She has great experience as an accounting and finance professional, not to mention her work on the boards of several other... Read More

Conference Call and Webcast scheduled for tomorrow, May 14, 2024, at 4:00 pm ET. FARMINGTON, Utah / May 13, 2024 / Business Wire / PACS Group, Inc. (NYSE: PACS) (“PACS” or the “Company”), which together with its subsidiaries is one of the largest post-acute healthcare companies in the United States, announced operating results for the first quarter of 2024, reporting net income of $49.1 million, Adjusted EBITDA of $88.5... Read More

FARMINGTON, Utah / May 06, 2024 / Business Wire / PACS Group, Inc. (NYSE: PACS) (“PACS Group” or the “Company”), today announced that it will release its first quarter 2024 financial results after market close on Monday, May 13, 2024. Management will host a call the following day, Tuesday, May 14, 2024, at 4:00 p.m. Eastern Time to discuss the financial results and related information. PACS Group invites current and... Read More

FARMINGTON, Utah / Apr 15, 2024 / Business Wire / PACS Group, Inc. (“PACS” or the “Company”) today announced the closing of its initial public offering of 21,428,572 shares of its common stock sold by the Company at a public offering price of $21.00 per share, for total gross proceeds of approximately $450 million, before... Read More

FARMINGTON, Utah / Apr 10, 2024 / Business Wire / PACS Group, Inc. (“PACS” or the “Company”) today announced the pricing of its upsized initial public offering of 21,428,572 shares of its common stock being sold by the Company at a public offering price of $21.00 per share, for total gross proceeds of approximately $450 million, before deducting underwriting discounts and commissions and offering expenses. In addition,... Read More