Reported Earlier, PACS Group To Acquire Operations At 53 Facilities In Pacific Northwest, Real Estate Joint Venture On Majority Of The Locations
Portfolio Pulse from Benzinga Newsdesk
PACS Group is set to acquire operations at 53 facilities in the Pacific Northwest, spanning 8 states. The acquisition includes 2,511 skilled nursing beds and 1,334 assisted living and independent living units. PACS will lease 37 facilities from a joint venture in which it holds a 25% interest, while the remaining 16 facilities will be leased from third-party landlords.
May 23, 2024 | 6:52 am
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PACS Group is acquiring operations at 53 facilities in the Pacific Northwest, which includes a significant number of skilled nursing and assisted living units. This expansion could enhance PACS's market presence and operational capacity.
The acquisition of 53 facilities significantly increases PACS Group's operational capacity and market presence in the healthcare sector. Leasing 37 facilities from a joint venture in which PACS holds a 25% interest indicates a strategic move to leverage existing partnerships, while the remaining 16 facilities leased from third-party landlords diversify their operational base.
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