PACS Group (PACS)
Operates skilled nursing and senior-living facilities through locally led, centrally supported teams.
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Operates skilled nursing facilities providing short-term transitional and long-term custodial care, with smaller assisted- and independent-living businesses. Growth comes from acquiring and locally operating facilities with centralized services; skilled nursing generates nearly all patient revenue, while Medicare and Medicaid are the largest payors.
Operates skilled nursing facilities that provide post-acute rehabilitation, higher-acuity short-term transitional care, and long-term custodial care, alongside a smaller portfolio of assisted- and independent-living communities. More than 300 facilities span the United States, and skilled nursing generates nearly all patient and resident service revenue.
Expands mainly by acquiring facilities, investing in clinical teams, equipment, and physical plants, and using PACS Services for technology and back-office support. Local administrators retain day-to-day operating authority while regional and central teams support integration, compliance, staffing, billing, and risk management.
Revenue is concentrated in Medicare and Medicaid reimbursement, while results depend on clinical staffing, hospital referrals, care quality, licensing, and program-participation compliance. Ongoing government investigations and material weaknesses in financial controls remain unresolved; most facilities operate under leases.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 2, 2026 | Truist Financial | Target | Target: $52 | Target: $62 |
| Aug 6, 2026 | UBS | Reiterate | Rating: —Target: $57 | Target: $60 |
| Jul 8, 2026 | UBS | Reiterate | Rating: —Target: $42 | Target: $57 |
| May 18, 2026 | Truist Financial | Target | Target: $40 | Target: $52 |
| May 13, 2026 | Oppenheimer | Reiterate | Rating: —Target: $40 | Target: $48 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $164.5M · Total debt $3.25B · Total assets $5.66B · Shareholders' equity $1.11B
- Revenue
- $1.43B
- Operating income
- $109.3M
- Net income
- $76.4M
No dividends on record.
| Institutions | ≈ 31.33% | 49.60M shares | |
|---|---|---|---|
| 251 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 71.92% | 113.87M shares | |
| 14 holders · as of Sep 17, 2026 | |||
| Adds to | 103.25% | ||
158.34M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 103.25%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Jason Hulse MurrayInsiderdirector, 10 percent owner, officer: Co-Founder, CEO & Chairman | 34.46% | 54.56M | filed Sep 14, 2026 |
Mark HancockInsiderdirector, 10 percent owner | 33.80% | 53.52M | filed Sep 15, 2026 |
Cohen & Steers, Inc.Institution | 5.27% | 8.34M | as of Jun 30, 2026 |
FMR LLCInstitution | 3.92% | 6.21M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 2.62% | 4.16M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 16, 2026 | Joshua Jergensen | officer: President & COO | −40,000 | $43.13 |
| Sep 15, 2026 | Mark Hancock | director, 10 percent owner: | −155,682 | $42.47 |
| Sep 14, 2026 | Mark Hancock | director, 10 percent owner: | −144,318 | $44.57 |
| Sep 14, 2026 | Jason Hulse Murray | director, 10 percent owner, officer: Co-Founder, CEO & Chairman | −317 | $45.03 |
| Sep 11, 2026 | Jason Hulse Murray | director, 10 percent owner, officer: Co-Founder, CEO & Chairman | −10,529 | $45.23 |
- The Ensign Group
Closest public peer in skilled nursing and senior living
- National HealthCare
Skilled nursing and senior-care operator across the continuum
- Brookdale Senior Living
National senior-living operator overlapping assisted care
- Encompass Health
Inpatient rehab substitute for higher-acuity post-acute cases
- The Pennant Group
Home health, hospice, and senior living post-acute peer
- Sonida Senior Living
Smaller listed senior-housing peer in assisted living
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| PACS Group | $41.92 | −0.34% | $6.66B | 25.2 | 16.9 | 1.2 | +9.1% |
| The Ensign Group | $176.95 | +1.42% | $10.17B | 27.3 | 21.6 | 1.9 | +17.3% |
| National HealthCare | $221.25 | −0.92% | $3.49B | 25.1 | — | 2.2 | +9.4% |
| Brookdale Senior Living | $11.43 | +0.44% | $2.72B | — | 527.5 | 0.9 | −11.6% |
| Encompass Health | $123.85 | +1.88% | $12.06B | 19.8 | 19.3 | 1.9 | +9.6% |
| The Pennant Group | $39.55 | +1.53% | $1.35B | 43.3 | 27.2 | 1.2 | +35.8% |
| Sonida Senior Living | $38.44 | +0.84% | $1.81B | — | — | 3.4 | +122.0% |
| Median | 26.2 | 24.4 | 1.9 | +13.5% |