PACS Group Announces Pending Acquisition of Operations at 53 Facilities in Pacific Northwest, Real Estate Joint Venture on Majority of the Locations
PACS Group, Inc. (PACS)
Company Research
Source: Business Wire
FARMINGTON, Utah--(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 are located in 8 states, including Oregon (21 facilities), Washington (19 facilities), Idaho (6 facilities), Nevada (3 facilities), and one facility in each of Alaska, Arizona, California and Montana. Collectively, the facilities comprise 2,511 skilled nursing beds and 1,334 assisted living and independent living units. The Company will lease 37 of the facilities from a joint venture in which it owns a 25% interest. The remaining 16 facilities will be leased from unaffiliated third-party landlords.“We’re thrilled by the opportunity to welcome these 53 Prestige facilities, as wel
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PACS
News
- PACS Group, Inc. (NYSE: PACS) is now covered by analysts at Macquarie. They set an "outperform" rating and a $35.00 price target on the stock.MarketBeat
- PACS Group, Inc. (NYSE: PACS) had its "buy" rating re-affirmed by analysts at Truist Financial Co.. They now have a $32.00 price target on the stock.MarketBeat
- PACS Group, Inc. (NYSE: PACS) had its price target raised by analysts at Royal Bank of Canada from $30.00 to $32.00. They now have an "outperform" rating on the stock.MarketBeat
- PACS Group, Inc. (NYSE: PACS) had its price target raised by analysts at Oppenheimer Holdings Inc. from $31.00 to $32.00. They now have an "outperform" rating on the stock.MarketBeat
- PACS Group, Inc. (NYSE: PACS) had its "overweight" rating re-affirmed by analysts at Stephens. They now have a $31.00 price target on the stock.MarketBeat
PACS
Earnings
- 5/13/24 - Beat
PACS
Sec Filings
- 5/13/24 - Form 4
- 5/13/24 - Form 4
- 5/13/24 - Form 4
- PACS's page on the SEC website