PACSNYSEServices-Skilled Nursing Care FacilitiesUS GAAP · USD

PACS Group, Inc.

PACS Group, Inc. is a U.S.-based post-acute healthcare company organized around a portfolio of independently operated skilled nursing, assisted living, and related senior care facilities. The company combines local facility leadership with centralized support services for administration, compliance, technology, and insurance across its operating subsidiaries.

Liikevaihto5 289milj. USD
+29,3 %v/v
Liikevoitto (EBIT)310milj. USD
+151,6 %v/v
EBIT-marginaali5,9%
+2,8 %-yks.v/v
Nettotulos192milj. USD
+243,5 %v/v
Vapaa kassavirta404milj. USD
+10,0 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2022–2025

02 0004 0006 000milj. USD2022: 2 422 milj. USD2022: EBIT 229 milj. USD20222023: 3 111 milj. USD2023: EBIT 208 milj. USD20232024: 4 090 milj. USD2024: EBIT 123 milj. USD20242025: 5 289 milj. USD2025: EBIT 310 milj. USD20255 289310
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Skilled nursing care80 %

24/7 post-acute nursing, medical supervision, and resident care in facility settings.

Rehabilitation therapy services12 %

Therapy and recovery services provided to patients after hospitalization or illness.

Assisted living and senior care6 %

Residential senior care and support services for residents needing daily assistance.

Ancillary and other revenue2 %

Non-core revenue from ancillary activities and facility-related arrangements.

Asiakkaat

PACS serves patients and residents who need skilled nursing, rehabilitation, assisted living, or other post-acute senior care services. Its payors include government programs such as Medicare and Medicaid, along with commercial insurers, HMOs, PPOs, and other third-party payors. The business depends on referrals from hospitals, physicians, families, and care networks that place patients into post-acute facilities.

Skilled nursing patients

Patients needing round-the-clock nursing, clinical monitoring, and recovery support after acute care.

Rehabilitation therapy residents

Patients receiving therapy services to regain function and transition to lower-acuity care.

Assisted living residents

Seniors who need housing plus help with daily activities and supervision.

Government payors

Medicare and Medicaid fund a large share of patient service revenue and determine reimbursement economics.

Commercial and managed care payors

Insurers and managed care organizations that reimburse contracted patient care services.

Strategia

PACS’s operating model centers on locally led facilities supported by centralized services for finance, HR, compliance, technology, and risk management. The company’s strategic focus is to improve care quality and operating consistency while using its regional infrastructure to support a larger facility network. Growth is tied to expanding the portfolio of facilities and integrating acquired operations into the PACS model.

Expand the facility portfolioKeskipitkä aikaväli

More facilities increase the scale of patient service revenue and broaden the operating footprint.

Maintain clinical quality and complianceLyhyt aikaväli

Skilled nursing is highly regulated, so quality and compliance are central to reimbursement and reputation.

Centralize back-office functionsKeskipitkä aikaväli

Shared services lower administrative burden and let local leaders focus on care delivery.

Maantiede

PACS operates in the United States through a large network of post-acute and senior care facilities. The business is geographically local at the facility level, but operationally coordinated through regional teams and centralized support functions. Because reimbursement, labor markets, and regulatory oversight vary by state, geography is a key driver of operating complexity and payor mix.

Riskit

PACS is exposed to reimbursement pressure, labor cost inflation, and regulatory scrutiny because most revenue comes from government and third-party healthcare payors in a highly regulated setting. Its acquisition-led growth also creates integration, compliance, and execution risk across a large and dispersed facility base. Accounting estimates tied to healthcare revenue recognition and variable consideration can materially affect reported results.

Järjestetty vakavuuden mukaan
Government reimbursement riskKorkea

A large share of patient service revenue is tied to Medicare and Medicaid rates and rules.

Kohdistuu: Skilled nursing and post-acute care facilities

Regulatory and compliance riskKorkea

The business operates in a heavily regulated industry with strict billing, care, and reporting requirements.

Kohdistuu: Facility operations and centralized compliance processes

Labor availability and wage pressureKorkea

Facilities rely on nurses, CNAs, therapists, and support staff to deliver care.

Kohdistuu: Clinical staffing across the facility network

Acquisition and integration riskKeskitaso

Growth through acquisitions requires successful operational and compliance integration.

Kohdistuu: Newly acquired facilities and regional support systems

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition and variable consideration

Patient service revenue is adjusted for expected collections, concessions, and settlement adjustments.

Vaikutus: Can shift revenue between periods as estimates are updated

Payor audit and settlement estimates

Amounts due from government and third-party payors may be revised after reviews or audits.

Vaikutus: Affects net service revenue and receivables

Lease accounting

Operational facilities may be leased, creating recurring rent expense and lease liabilities.

Vaikutus: Affects operating costs and leverage presentation

Insurance and liability reserves

The company has professional and general liability exposure and uses a captive insurance subsidiary.

Vaikutus: Can affect expense recognition and reserve balances

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026