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
revenue	708.44M -	760.66M 7.37%	934.72M 22.88%	981.85M 5.04%
cost of revenue	589.71M -	642.27M 8.91%	807.86M 25.78%	836.76M 3.58%
gross profit	118.74M -	118.39M 0.29%	126.87M 7.16%	145.09M 14.36%
selling and marketing expenses	-503K -		-207K -
general and administrative expenses	59.44M -	62.70M 5.47%	46.91M 25.18%
selling general and administrative expenses	58.94M -	62.70M 6.37%	46.70M 25.51%	143.89M 208.13%
research and development expenses
other expenses	440K -	-2.64M 700.68%	440K 116.65%
cost and expenses	648.64M -	711.13M 9.63%	854.55M 20.17%	980.65M 14.76%
operating expenses	58.94M -	68.85M 16.82%	46.70M 32.18%	143.89M 208.13%
interest expense	10.64M -	15.31M 43.91%	15.39M 0.56%	9.19M 40.31%
ebitda	65.63M -	53.05M 19.16%	88.07M 66.00%	9.97M 88.68%
operating income	59.80M -	49.54M 17.16%	80.17M 61.83%	1.20M 98.51%
depreciation and amortization	5.83M -	6.16M 5.66%	7.90M 28.30%	8.78M 11.06%
total other income expenses net	-10.70M -	-2.64M 75.30%	-7.11M 169.09%	-13.58M 90.92%
income before tax	49.10M -	31.59M 35.66%	73.06M 131.26%	-12.38M 116.95%
income tax expense	11.50M -	10.37M 9.83%	23.91M 130.62%	-1.47M 106.16%
net income	37.60M -	21.22M 43.56%	49.14M 131.59%	-10.91M 122.20%
weighted average shs out	152.40M -	150.15M 1.47%	152.40M 1.50%	152.40M 0%
weighted average shs out dil	152.40M -	150.15M 1.47%	152.40M 1.50%	152.40M 0%
eps	0.25 -	0.14 44.00%	0.32 128.57%	-0.07 122.37%
epsdiluted	0.25 -	0.14 44.00%	0.32 128.57%	-0.07 122.37%

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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