PACS Group Units Acquire Operations of 8 Skilled Nursing Facilities in Pennsylvania-March 2024-www.financetom.com

PACS Group Units Acquire Operations of 8 Skilled Nursing Facilities in Pennsylvania

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PACS Group Units Acquire Operations of 8 Skilled Nursing Facilities in Pennsylvania

Nov 4, 2024 11:24 AM

04:22 PM EDT, 11/01/2024 (MT Newswires) -- PACS Group ( PACS ) said Friday its independently operated units acquired the operations of eight skilled nursing facilities in Pennsylvania.

Financial details weren't provided.

PACS said its units acquired the real estate of four facilities, while it's leasing the remaining four from an affiliate of CareTrust REIT ( CTRE ) .

The facilities are located in Pittsburgh, Bedford, Bethel Park, Monroeville and McMurray, with a total of 1,199 skilled nursing beds, the company said.

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