PACS Group, Inc.

PACS trains and hires healthcare leaders, and provides a wide array of back-office support services to healthcare facilities, reducing administrative burdens so local leadership and care teams can focus more of their efforts on the care, well-being, and quality of life of their patients. The PACS team consists of 300+ professionals who provide accounting, finance, human resources, payroll, accounts receivable and payable, legal, risk management, information technology and other business advice and support from its headquarters in Farmington, UT, and satellite offices across the United States. PACS provides back-office administrative support to more than 200 independently-operated healthcare facilities in nine states.

PACS

Building and maintaining trust between capital providers and operators in the skilled nursing industry can prove critical to the success and longevity of businesses in the sector. https://bit.ly/46aclHG

BREAKING: The price of a nursing home staffing mandate is 60% higher than projected by the Centers for Medicare & Medicaid Services and will require 100,000 more workers, a CLA (CliftonLarsonAllen) analysis conducted in conjunction with AHCA/NCAL finds.

#skillednursing #nursinghomes

A new CLA (CliftonLarsonAllen) analysis finds the federal staffing mandate would require hiring an estimated 102,154 additional full-time employees. The proposed mandate would also cost nursing homes approximately $6.8 billion/year – higher than CMS's estimate of $4 billion per year. 

“What CLA’s analysis confirms is that this proposed rule is deeply flawed, and the Biden Administration has woefully underestimated the feasibility and cost of this unfunded mandate,” said AHCA/NCAL President and CEO Mark Parkinson.

It was such an honor to be a part of the last day celebration for these CNAs grads from Charles A. Jones Career & Education Center 💥 Such a great group!

A new KFF analysis finds 80% of #nursinghomes (and more on the for-profit side) will need more nurses to comply with a proposed federal staffing mandate. With staffing shortages, KFF projects, there could be enough waivers  granted to mute the mandate's intended effect.

#skillednursing #longtermcare #staffing

AHCA/NCAL LeadingAge

What a message the Centers for Medicare & Medicaid Services is sending to the thousands of women and men who hold #lpn  jobs in America's #nursinghomes and meet the daily needs of so many patients.

#skillednursing #longtermcare #staffing #nursingjobs #nurses

Arden Park Post Acute hosted an Employee Appreciation Happy Hour today 🥳 And we had a full house in orientation at many of our locations!  Today was an amazing day! 

To see our hard working team take a minute to relax and have a good time was so great! 

Oh how I love this community ❤️

RETHINK is back after lunch with a panel on how to scale in a challenging environment lead by PACS’ Joseph Lee, Creative Solutions In HealthCare’s Gary Blake, and Cascadia Healthcare’s Steve LaForte

A staggering number of nursing homes reported challenges in meeting the care needs of their residents during public health emergencies and natural disasters due mostly to inadequate staffing. https://bit.ly/45ZmRkO

Proud to represent the SNF industry at Skilled Nursing News RETHINK conference to discuss, Scale Matters: How to expand in a challenging environment to drive future success. Kudos to Joseph Lee, Sr VP, Support Services from PACS operations team

	Mar '23	Jun '23	Mar '24	Jun '24
net income	37.60M -	21.22M 43.56%	49.14M 131.56%	-10.91M 122.20%
depreciation and amortization	5.83M -	6.16M 5.66%	7.90M 28.30%	8.78M 11.06%
deferred income tax	-5.22M -	-2.04M 60.97%	4.99M 344.84%	-20.95M 520.34%
stock based compensation
change in working capital	36.16M -	-55.39M 253.17%	-11.50M 79.24%	-45.67M 297.11%
accounts receivables	-39.16M -	-42.14M 7.63%	-88.69M 110.45%	27.78M 131.32%
inventory
accounts payables	-2.33M -	35.80M 1,635.12%	13.94M 61.07%	-31.14M 323.43%
other working capital	77.65M -	3.80M 95.10%	63.25M 1,563.08%	-42.30M 166.89%
other non cash items	58.06M -	8.46M 85.43%	98.81M 1,068.00%	124.48M 25.98%
net cash provided by operating activities	79.29M -	-21.08M 126.58%	58.79M 378.90%	34.81M 40.78%
investments in property plant and equipment	-5.94M -	-10.93M 84.11%	-10.76M 1.54%	-15.33M 42.48%
acquisitions net	-52.09M -	476K 100.91%	-78.50M 16,591.60%	-95.65M 21.84%
purchases of investments			-30.08M -	-10M 66.76%
sales maturities of investments	473K -	472K 0.21%	673K 42.58%	517K 23.18%
other investing activites
net cash used for investing activites	-57.55M -	-9.71M 83.13%	-118.67M 1,122.51%	-120.46M 1.51%
debt repayment	-33.43M -	-1.67M 95.00%	-51.93M 3,003.83%	-294.08M 466.34%
common stock issued				414.16M -
common stock repurchased
dividends paid	-18.51M -	-25.21M 36.20%	-17.47M 30.70%	-16.25M 7.02%
other financing activites				-33.60M -
net cash used provided by financing activities	14.91M -	-23.54M 257.84%	34.45M 246.35%	70.23M 103.84%
effect of forex changes on cash
net change in cash	36.65M -	-54.33M 248.23%	-25.43M 53.19%	-15.42M 39.36%
cash at beginning of period	98.21M -	134.86M 37.32%	118.70M 11.98%	93.28M 21.42%
cash at end of period	134.86M -	80.53M 40.28%	93.28M 15.83%	77.85M 16.53%
operating cash flow	79.29M -	-21.08M 126.58%	58.79M 378.90%	34.81M 40.78%
capital expenditure	-5.94M -	-10.93M 84.11%	-10.76M 1.54%	-15.33M 42.48%
free cash flow	73.35M -	-32.01M 143.63%	48.03M 250.05%	19.48M 59.44%

PACS

COM:PACS

PACS Group, Inc.

Last Close

16.55

22/11 21:01

Market Cap

4.60B

Beta: -

Volume Today

2.39M

Avg: -

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