Pacs Group reports $294.2M of cash, equivalents at June 30

The company has continued to grow its portfolio through acquisitions with the net addition of 96 healthcare facilities since the second quarter of 2024, the majority of which occurred in the second half of 2024. As of June 30, 2025, PACS‘s subsidiaries operated 316 health care facilities with 32,208 skilled nursing beds and 2,419 assisted living beds across 17 states. The company is also providing the following select preliminary key operating metrics that it expects to report as of and for the six months ended June 30, 2025, which it believes further supports its solid business momentum. The company had 179 facilities, or 64.6%, of its skilled nursing portfolio achieve a 4 or 5 star CMS QM rating. The company’s total facilities occupancy was 88.9%, compared to an industry average of 78.0%. Ramping and mature facilities occupancies were 86.3% and 95.1%, respectively. The company’s ramping and mature facilities skilled mix was 23.3% and 34.1%, respectively. As of June 30, 2025, the company had $294.2M of cash and cash equivalents, compared to $157.7M of cash and cash equivalents as of December 31, 2024. The company intends to continue to utilize its cash to fuel its growth and execute its business plan. As previously announced, the company has also undertaken an intense review of its regulatory compliance program, including the retention of a new interim Chief Compliance Officer to oversee the ongoing review and the implementation of updates to the company’s compliance program. The company has begun to implement additional measures designed to enhance processes and controls surrounding regulatory compliance.