PACS Group Extends Footprint, Services to Pacific Northwest and Other States

PACS Group, Inc. (NYSE: PACS) (“PACS”) has finalized its acquisition of operations of 53 skilled nursing, assisted and independent living facilities from Prestige Care (Prestige), bringing its proven model to new geographical areas.

The facilities span eight western states with 21 facilities in Oregon, 19 in Washington, six in Idaho, three in Nevada and one facility each in Alaska, Arizona, California and Montana. Collectively, the facilities comprise 2,511 skilled nursing beds and 1,334 assisted living and independent living units.

“PACS is committed to growing as a legacy company. Our aim is to expand our presence as a leader in post-acute care and serve more people through our focus on their care, well-being and quality of life,” said Jason Murray, PACS Chairman and CEO. “As one of the nation’s largest skilled nursing operators, we take seriously our commitment to maintaining the operational excellence Prestige has provided for four decades and marrying it with the benefits of our proven model.”

This addition expands the PACS network to the Pacific Northwest for the first time and to five new states: Alaska, Idaho, Montana, Oregon and Washington. It also enables PACS to establish a Senior Living vertical as it boosts its senior living portfolio from 16 to 37 communities.

“We saw this as a valuable opportunity to bring our mission-driven approach to more residents, professionals and communities – especially because of the cultural alignment between PACS and Prestige, as well as the post-acute and senior living landscapes in these markets,” said Josh Jergensen, PACS President and COO. “We will uphold our deep commitment to empowering local leaders and their staff who know their residents, their families and communities the best and supporting them with resources to elevate healthcare.”

Throughout the integration and beyond, PACS executive, operations and human resources teams have worked closely with Prestige leaders to uphold and protect operations without disruption.

“PACS deeply values the legacy of care created by the Delamarter family and Prestige team members,” said Scott Mortensen, PACS Vice President of Ancillaries. “Love is the foundation for the care we provide, and we look forward to bringing that ethos to senior living communities. We are committed to building on the legacy of this family-run company to make these communities the chosen home of the people we serve, while also supporting the committed professionals who make them successful.”