# PACS Group, Inc.

Summary updated: 2026-10-02T15:36:38.842853Z
Canonical: https://finbar.com/research/companies/pacs-group-inc

## Overview

PACS Group, Inc. is a U.S. post-acute healthcare company focused primarily on skilled nursing, with some communities also offering assisted-living and independent-living options. Its facilities provide short-term transitional care, and its operating model combines local leadership with centralized support. [1](https://app.finbar.com/go?id=P30652000)

At June 30, 2026, PACS reported 324 post-acute care facilities. Its year-end 2025 disclosures listed operations in 17 states and 47,455 employees. Revenue for the six months ended June 30, 2026, was $2.848 billion. [2](https://app.finbar.com/go?id=P145978549)[3](https://app.finbar.com/go?id=P9337599)[4](https://app.finbar.com/go?id=P25110637)[5](https://app.finbar.com/go?id=T16707516)

PACS states its mission is “to revolutionize the delivery, leadership, and quality of post-acute care nationally.” [6](https://pacs.com/)
[1](https://app.finbar.com/go?id=P30652000)[2](https://app.finbar.com/go?id=P145978549)[3](https://app.finbar.com/go?id=P9337599)[4](https://app.finbar.com/go?id=P25110637)[5](https://app.finbar.com/go?id=T16707516)[6](https://pacs.com/)

## Products & services

PACS Group provides skilled nursing and post-acute care, including facility-based nursing for patients recovering after hospitalization, surgery, stroke, joint replacement, or infection. Its transitional-care services include rehabilitation, physical therapy, and intravenous injections; long-term custodial care includes help with daily activities such as bathing, dressing, and eating. [7](https://app.finbar.com/go?id=P45520315)[8](https://app.finbar.com/go?id=P83864559)

Some communities also provide assisted living and independent living. PACS describes memory care and rehabilitation among its care offerings, and says its support model combines local facility leadership with centrally provided technology, operational support, and back-office services. [1](https://app.finbar.com/go?id=P30652000)[9](https://app.finbar.com/go?id=P145978162)[10](https://pacs.com/about-pacs/frequently-asked-questions/)[11](https://pacs.com/post-acute/)[12](https://pacs.com/senior-living/)[13](https://pacs.com/pacs-services/)

For the six months ended June 30, 2026, skilled nursing services generated approximately $2.755 billion in revenue. Medicare and managed-care revenue, which PACS identifies with its higher-acuity “skilled mix,” represented 50.3% of skilled nursing revenue; the company reports one consolidated reportable segment. [14](https://app.finbar.com/go?id=T16707539)[15](https://app.finbar.com/go?id=P57079968)[16](https://app.finbar.com/go?id=P145978180)
[7](https://app.finbar.com/go?id=P45520315)[8](https://app.finbar.com/go?id=P83864559)[1](https://app.finbar.com/go?id=P30652000)[9](https://app.finbar.com/go?id=P145978162)[10](https://pacs.com/about-pacs/frequently-asked-questions/)[11](https://pacs.com/post-acute/)[12](https://pacs.com/senior-living/)[13](https://pacs.com/pacs-services/)[14](https://app.finbar.com/go?id=T16707539)[14](https://app.finbar.com/go?id=T16707539)[15](https://app.finbar.com/go?id=P57079968)[16](https://app.finbar.com/go?id=P145978180)[10](https://pacs.com/about-pacs/frequently-asked-questions/)[11](https://pacs.com/post-acute/)[12](https://pacs.com/senior-living/)[13](https://pacs.com/pacs-services/)

## Geographic presence

PACS Group operates in the United States. In September 2026, the company reported 355 post-acute facilities across 21 states; this is the latest company-wide footprint figure identified. [17](https://ir.pacs.com/news-events/press-releases/detail/139/pacs-group-inc-to-present-at-the-2026-jefferies-healthcare-services-and-technology-conference-on-september-15-2026) At year-end 2025, it reported facilities in Alaska, Arizona, California, Colorado, Idaho, Kansas, Kentucky, Missouri, Montana, Nevada, Ohio, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, and Washington. [18](https://app.finbar.com/go?id=P32983141) A September 2026 company update gave counts of 25 facilities in Texas, 27 in South Carolina, 12 in Tennessee, and 7 in Kentucky; these are selected state counts, not a full breakdown of the current footprint. [19](https://ir.pacs.com/news-events/press-releases/detail/138/pacs-group-to-acquire-operations-of-32-facilities-across-florida-and-closes-on-additional-previously-announced-eduro-facilities)

California is a significant concentration: as of June 30, 2026, approximately 48% of PACS’s skilled-nursing beds were there. [20](https://app.finbar.com/go?id=P145978369) The company lists its corporate office at 90 S. 400 W., Suite 700, Salt Lake City, Utah 84101. [21](https://pacs.com/contact/) PACS reported 48,000 employees and operations in 21 states on its company About page, but did not provide an employee breakdown by geography. [22](https://pacs.com/about-pacs/) No state- or country-level revenue allocation was identified in the reviewed company disclosures.
[17](https://ir.pacs.com/news-events/press-releases/detail/139/pacs-group-inc-to-present-at-the-2026-jefferies-healthcare-services-and-technology-conference-on-september-15-2026)[18](https://app.finbar.com/go?id=P32983141)[19](https://ir.pacs.com/news-events/press-releases/detail/138/pacs-group-to-acquire-operations-of-32-facilities-across-florida-and-closes-on-additional-previously-announced-eduro-facilities)[20](https://app.finbar.com/go?id=P145978369)[21](https://pacs.com/contact/)[22](https://pacs.com/about-pacs/)[17](https://ir.pacs.com/news-events/press-releases/detail/139/pacs-group-inc-to-present-at-the-2026-jefferies-healthcare-services-and-technology-conference-on-september-15-2026)[19](https://ir.pacs.com/news-events/press-releases/detail/138/pacs-group-to-acquire-operations-of-32-facilities-across-florida-and-closes-on-additional-previously-announced-eduro-facilities)[21](https://pacs.com/contact/)[22](https://pacs.com/about-pacs/)

## Business segments

PACS Group reports one consolidated operating segment; it does not separately report business segments by service line, facility type, or geography. The company says its COO reviews consolidated results for resource allocation and performance assessment, and segment profit is net income. [16](https://app.finbar.com/go?id=P145978180)[23](https://app.finbar.com/go?id=P78783089)

Its principal operating focus is skilled nursing care, with some communities also providing senior care, assisted living, and independent living. In the six months ended June 30, 2026, skilled nursing services generated $2.755 billion, approximately 96.7% of consolidated revenue of $2.848 billion; this is a service-line revenue measure, not a separate reportable segment. [1](https://app.finbar.com/go?id=P30652000)[24](https://app.finbar.com/go?id=P121522180)[25](https://app.finbar.com/go?id=T16707345)[26](https://app.finbar.com/go?id=T16707520)

As an additional operating view—not a segment breakdown—the company groups facilities by operating maturity as mature, ramping, and new. For the same six-month period, these groups contributed approximately 63.4%, 25.4%, and 11.1%, respectively, of skilled nursing revenue. [27](https://app.finbar.com/go?id=P145977133)[25](https://app.finbar.com/go?id=T16707345)
[16](https://app.finbar.com/go?id=P145978180)[23](https://app.finbar.com/go?id=P78783089)[1](https://app.finbar.com/go?id=P30652000)[24](https://app.finbar.com/go?id=P121522180)[25](https://app.finbar.com/go?id=T16707345)[26](https://app.finbar.com/go?id=T16707520)[27](https://app.finbar.com/go?id=P145977133)

## Company history

PACS Group traces its operating beginnings to 2013, when co-founders Jason Murray and Mark Hancock started Providence Administrative Consulting Services with two skilled-nursing facilities in San Diego. The company expanded into Central California and Kentucky in 2014 through eight facility acquisitions, followed by a 1,400-bed expansion in California’s Inland Empire in 2015. [28](https://app.finbar.com/go?id=P164757881)[29](https://app.finbar.com/go?id=P164758472)[30](https://app.finbar.com/go?id=P164758473)[31](https://pacs.com/timeline-2/)

After rebranding in 2017, PACS broadened its footprint into Missouri and South Carolina in 2018 and Ohio in 2019. A major step came in 2021 with its acquisition of Plum Healthcare Group’s operating assets, adding 58 facilities. PACS reported further growth in 2023, when it acquired or opened 58 facilities, and reached 201 facilities across nine states. [31](https://pacs.com/timeline-2/)[28](https://app.finbar.com/go?id=P164757881)[32](https://pacs.com/providence-group-acquires-plum-healthcare-adds-58-new-facilities-to-portfolio/)

PACS completed its initial public offering in April 2024, with shares beginning to trade on the New York Stock Exchange under the symbol PACS. Later that year, it completed the acquisition of operations at 53 facilities, extending its footprint into the Pacific Northwest. [33](https://pacs.com/pacs-group-inc-announces-pricing-of-its-upsized-initial-public-offering/)[34](https://ir.pacs.com/news-events/press-releases/detail/109/pacs-group-extends-footprint-services-to-pacific-northwest-and-other-states)
[28](https://app.finbar.com/go?id=P164757881)[29](https://app.finbar.com/go?id=P164758472)[30](https://app.finbar.com/go?id=P164758473)[31](https://pacs.com/timeline-2/)[32](https://pacs.com/providence-group-acquires-plum-healthcare-adds-58-new-facilities-to-portfolio/)[33](https://pacs.com/pacs-group-inc-announces-pricing-of-its-upsized-initial-public-offering/)[34](https://ir.pacs.com/news-events/press-releases/detail/109/pacs-group-extends-footprint-services-to-pacific-northwest-and-other-states)[31](https://pacs.com/timeline-2/)[33](https://pacs.com/pacs-group-inc-announces-pricing-of-its-upsized-initial-public-offering/)[32](https://pacs.com/providence-group-acquires-plum-healthcare-adds-58-new-facilities-to-portfolio/)[34](https://ir.pacs.com/news-events/press-releases/detail/109/pacs-group-extends-footprint-services-to-pacific-northwest-and-other-states)

## Sources

1. [PACS Group, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P30652000)
2. [PACS Group, Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P145978549)
3. [PACS Group, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P9337599)
4. [PACS Group, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P25110637)
5. [PACS Group, Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=T16707516)
6. [pacs.com](https://pacs.com/)
7. [PACS Group, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P45520315)
8. [PACS Group, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P83864559)
9. [PACS Group, Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P145978162)
10. [pacs.com](https://pacs.com/about-pacs/frequently-asked-questions/)
11. [pacs.com](https://pacs.com/post-acute/)
12. [pacs.com](https://pacs.com/senior-living/)
13. [pacs.com](https://pacs.com/pacs-services/)
14. [PACS Group, Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=T16707539)
15. [PACS Group, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P57079968)
16. [PACS Group, Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P145978180)
17. [ir.pacs.com](https://ir.pacs.com/news-events/press-releases/detail/139/pacs-group-inc-to-present-at-the-2026-jefferies-healthcare-services-and-technology-conference-on-september-15-2026)
18. [PACS Group, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P32983141)
19. [ir.pacs.com](https://ir.pacs.com/news-events/press-releases/detail/138/pacs-group-to-acquire-operations-of-32-facilities-across-florida-and-closes-on-additional-previously-announced-eduro-facilities)
20. [PACS Group, Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=P145978369)
21. [pacs.com](https://pacs.com/contact/)
22. [pacs.com](https://pacs.com/about-pacs/)
23. [PACS Group, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P78783089)
24. [PACS Group, Inc. — Full financial report (2025 Y)](https://app.finbar.com/go?id=P121522180)
25. [PACS Group, Inc. — Press release (2026 Q 2)](https://app.finbar.com/go?id=T16707345)
26. [PACS Group, Inc. — Full financial report (2026 Q 2)](https://app.finbar.com/go?id=T16707520)
27. [PACS Group, Inc. — Press release (2026 Q 2)](https://app.finbar.com/go?id=P145977133)
28. [PACS Group, Inc. — Ipo (2024 O)](https://app.finbar.com/go?id=P164757881)
29. [PACS Group, Inc. — Ipo (2024 O)](https://app.finbar.com/go?id=P164758472)
30. [PACS Group, Inc. — Ipo (2024 O)](https://app.finbar.com/go?id=P164758473)
31. [pacs.com](https://pacs.com/timeline-2/)
32. [pacs.com](https://pacs.com/providence-group-acquires-plum-healthcare-adds-58-new-facilities-to-portfolio/)
33. [pacs.com](https://pacs.com/pacs-group-inc-announces-pricing-of-its-upsized-initial-public-offering/)
34. [ir.pacs.com](https://ir.pacs.com/news-events/press-releases/detail/109/pacs-group-extends-footprint-services-to-pacific-northwest-and-other-states)

AI-generated summary; may contain errors. Not investment advice. Sign up to Finbar to view original document sources and access worldwide fundamental financial data and intelligence.