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PACS Group Priced, NYSE: PACS

Post-acute care provider with more than 200 nursing facilities across the US.

Industry: Health Care

Latest Trade: $27.71 0.00 (0.0%)

First Day Return: +9.5%

Return from IPO: +32.0%

Industry: Health Care

We are a leading post-acute healthcare company primarily focused on delivering high-quality skilled nursing care through a portfolio of independently operated facilities. Founded in 2013, we are one of the largest skilled nursing providers in the United States based on number of facilities, with over 200 post-acute care facilities across nine states serving over 20,000 patients daily. We also provide senior care, assisted living, and independent living options in some of our communities. Our significant historical growth has been primarily driven by our expertise in acquiring underperforming long-term custodial care skilled nursing facilities and transforming them into higher acuity, high value-add short-term transitional care skilled nursing facilities. We believe our success is driven in significant part by our decentralized, local operating model, through which we empower local leaders at each facility to operate their facility autonomously and deliver excellence in clinical quality and a superior experience for our patients. We provide our independently operated facilities with a comprehensive suite of technology, support, and back-office services that allow local leadership teams to focus more of their time and effort on providing quality care to patients.
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IPO Data
IPO File Date 03/13/2024
Offer Price $21.00
Price Range $20.00 - $22.00
Offer Shares (mm) 21.4
Deal Size ($mm) $450
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 04/10/2024
Offer Price $21.00
Price Range $20.00 - $22.00
Offer Shares (mm) 21.4
Deal Size ($mm) $450
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Citi
J.P. Morgan
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Company Data
Headquarters Farmington, UT, United States
Founded 2013
Employees 32,433
Website www.pacs.com

PACS Group (PACS) Performance