PACS Group Acquires Operations of Eight Skilled Nursing Facilities in Pennsylvania
November 1, 2024
PACS Group, Inc. (PACS) announced that its independently operated subsidiaries have acquired the operations of eight skilled nursing facilities in western Pennsylvania (Pittsburgh, Bedford, Bethel Park, Monroeville and McMurray), totaling 1,199 skilled nursing beds. Four of the facilities are being leased from an affiliate of CareTrust REIT and PACS subsidiaries acquired the real estate for the remaining four; the deal expands PACS into its 17th state.
- Buyers
- PACS Group, Inc.
- Targets
- Eight skilled nursing facilities in western Pennsylvania (Pittsburgh, Bedford, Bethel Park, Monroeville, McMurray)
- Sellers
- Affiliate of CareTrust REIT
- Industry
- Healthcare Services
- Location
- Pennsylvania, United States
- Transaction Type
- Buyout
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