PACS Group, Inc. (NYSE: PACS) (“PACS” or the “Company”) announces 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 nursing beds. Four of the facilities are being leased from an affiliate of CareTrust REIT (NYSE: CTRE), and subsidiaries of the Company acquired the real estate of the remaining four facilities.
Read the full article: PACS Group Closes Acquisition of Operations at 8 Facilities in Pennsylvania, Including Real Estate on 4 //
Source: https://www.businesswire.com/news/home/20241101171563/en/PACS-Group-Closes-Acquisition-of-Operations-at-8-Facilities-in-Pennsylvania-Including-Real-Estate-on-4