PACS Group, Inc. (NYSE: PACS) (“PACS” or the “Company”) announces 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.
Read the full article: PACS Group Announces Pending Acquisition of Operations at 53 Facilities in Pacific Northwest, Real Estate Joint Venture on Majority of the Locations //
Source: https://www.businesswire.com/news/home/20240522791973/en/PACS-Group-Announces-Pending-Acquisition-of-Operations-at-53-Facilities-in-Pacific-Northwest-Real-Estate-Joint-Venture-on-Majority-of-the-Locations