PACS Group, Inc. (NYSE:PACS) shares rose 3.3% in premarket trading on Wednesday after the company announced definitive agreements to acquire the operations of 32 skilled nursing facilities in Florida and completed additional facility acquisitions from Eduro Healthcare.
The Florida facilities comprise 4,049 licensed skilled nursing beds and will be leased from Omega Healthcare Investors, Inc. (NYSE:OHI).
The transaction is expected to close during the fourth quarter, subject to customary closing conditions.
The planned acquisition will mark PACS Group's entry into Florida, extending its southern U.S. operations beyond its existing presence in Texas, South Carolina, Tennessee and Kentucky.
According to PACS, the 32 facilities are integrated into healthcare networks across Florida.
#healthcare #nursing #wednesday
The Florida facilities comprise 4,049 licensed skilled nursing beds and will be leased from Omega Healthcare Investors, Inc. (NYSE:OHI).
The transaction is expected to close during the fourth quarter, subject to customary closing conditions.
The planned acquisition will mark PACS Group's entry into Florida, extending its southern U.S. operations beyond its existing presence in Texas, South Carolina, Tennessee and Kentucky.
According to PACS, the 32 facilities are integrated into healthcare networks across Florida.
#healthcare #nursing #wednesday
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