PACS Group Adds 32 Florida Skilled Nursing Facilities in New Deal
PACS has more than doubled off its 52-week low of $7.5.
Summary
PACS Group subsidiaries signed definitive agreements to acquire operations of 32 skilled nursing facilities across Florida. This follows a June 29 agreement for 34 facilities (3,633 beds), signaling aggressive expansion in the skilled nursing sector. The new deal adds significant scale in a key state, likely boosting revenue and EBITDA. The company recently raised 2026 adjusted EBITDA guidance to $640M–$660M, and this acquisition supports that outlook. PACS Group also closed on additional previously announced Eduro facilities. Watch for closing details and integration costs in upcoming filings.
At the time of this announcement, PACS was trading at $42.14 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $6.7B. The 52-week trading range was $7.50 to $49.49. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.