PACS Group Inc
PACS
ISIN null / Valor 133777092
PACS Group Inc
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About company
PACS Group, Inc. (PACS) is a holding company that has significantly expanded its footprint in the healthcare sector, specifically focusing on the post-acute care industry since its inception in 2013. Starting with just two skilled nursing facilities, PACS has grown into a substantial network, now encompassing over 200 facilities across nine states. The company's growth strategy involves investing in post-acute care facilities, healthcare professionals, and ancillary services to provide comprehensive care. PACS emphasizes a model that combines the benefits of a national support network with the autonomy of local decision-making in its operations. As of now, PACS and its affiliates manage 218 facilities, employing over 32,000 staff members, and cater to the daily needs of more than 20,000 patients and residents. This expansion reflects PACS's commitment to delivering mission-driven care and addressing the growing demand for post-acute healthcare services in the United States.
Summarized from source with an LLMView SourceSector: HealthcareLatest Results (05.10.2025):
PACS Group Inc. reported its second quarter of 2024 with significant revenue growth and expanded operations, despite a net loss influenced by stock-based compensation expenses related to its recent initial public offering. The company continues to enhance its portfolio and maintain strong occupancy rates across its healthcare facilities.
Revenue Growth
Consolidated GAAP revenue for the second quarter of 2024 reached $981.8 million, marking a 29% increase compared to the same quarter in 2023 and a 5% rise from the first quarter of 2024. This growth was primarily driven by an increase in facility count and higher reimbursement rates.
Net Income
The GAAP net income for the second quarter of 2024 was a loss of $10.9 million. This loss was largely due to a $90.9 million increase in stock-based compensation expense associated with restricted stock units granted during the company’s April 2024 initial public offering.
Adjusted EBITDA
Adjusted EBITDA for the second quarter of 2024 was $99.7 million. For the first six months of 2024, Adjusted EBITDA totaled $188.2 million, while Adjusted EBITDAR reached $165.6 million in the same quarter.
Full Year 2024 Guidance
PACS Group Inc. has increased its guidance for the full year 2024, projecting revenue between $3.85 billion and $3.95 billion and Adjusted EBITDA in the range of $370 million to $380 million.
Operational Highlights
During the second quarter of 2024, PACS added two operating facilities, including 167 skilled nursing beds. The total facilities occupancy stood at 91.0%, with ramping and mature facilities occupancy increasing by 1.4% and 1.0% respectively compared to the prior year.
Rate Increases
Average Medicare and Medicaid daily rates saw significant increases of 9.5% and 3.5% respectively in the second quarter of 2024 compared to the same quarter last year.
Expansion and Acquisitions
Over the twelve months ending June 30, 2024, PACS added 32 facilities and completed 12 real estate acquisitions. The company has expanded to a total of 248 operated facilities and 87 properties owned wholly or through joint venture partnerships.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
1731 M
Market cap (USD)
11,860,420
Daily traded volume (Shares)
12.93 / 12.55
1 day high/low (USD)
52 weeks high/low (USD)
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