PACS Group, a post-acute care provider with more than 200 nursing facilities across the US, raised $450 million by offering 21.4 million shares at $21, within the range of $20 to $22. The company offered 2.4 million more shares than anticipated. PACS Group is a post-acute healthcare company primarily focused on delivering skilled nursing care through a portfolio of independently operated facilities. The company states that it is one of the largest skilled nursing providers in the US by number of facilities, with 208 post-acute care facilities across nine states serving over 20,000 patients daily.
Read the full article: Post-Acute Healthcare Provider PACS Group Prices Upsized IPO at $21 Midpoint //
Source: https://www.renaissancecapital.com/IPO-Center/News/104153/Post-acute-healthcare-provider-PACS-Group-prices-upsized-IPO-at-$21-midpoin