PACS Group, Inc. (NYSE: PACS) (“PACS” or the “Company”) announces that independent operating subsidiaries of the Company closed on the operations of 11 skilled nursing facilities in Tennessee on December 1, 2024, which collectively comprise 1,310 skilled nursing beds; a 12th facility in Tennessee is expected to close in the first quarter of 2025, subject to the satisfaction of applicable closing conditions. With the expansion into Tennessee, PACS has now acquired a total of 38 facilities since October 31, 2024, adding 4,700 skilled nursing beds to its portfolio.
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Source: https://www.businesswire.com/news/home/20241205063655/en/PACS-Group-Completes-Acquisition-of-Skilled-Nursing-Facilities-in-Tennessee