PACS Group Closes Acquisition of Operations at 8 Facilities in Pennsylvania, Including Real Estate on 4
PACS Group (NYSE: PACS) has announced the acquisition of 8 skilled nursing facilities in western Pennsylvania through its independently operated subsidiaries. The facilities, located in Pittsburgh, Bedford, Bethel Park, Monroeville, and McMurray, comprise 1,199 skilled nursing beds. Four facilities will be leased from CareTrust REIT (NYSE: CTRE), while PACS subsidiaries acquired the real estate of the remaining four. This expansion marks PACS's entry into Pennsylvania, its 17th state of operation, with a focus on bringing their post-acute care model to the Greater Pittsburgh area.
Il gruppo PACS (NYSE: PACS) ha annunciato l'acquisizione di 8 strutture di nursing specializzate nella Pennsylvania occidentale attraverso le sue filiali operative indipendenti. Le strutture, situate a Pittsburgh, Bedford, Bethel Park, Monroeville e McMurray, comprendono 1.199 letti per assistenza specializzata. Quattro strutture saranno affittate da CareTrust REIT (NYSE: CTRE), mentre le filiali di PACS hanno acquisito il patrimonio immobiliare delle restanti quattro. Questa espansione segna l'ingresso di PACS in Pennsylvania, il suo 17掳 stato di operazione, con l'obiettivo di portare il loro modello di assistenza post-acuta nella Grande Pittsburgh.
El grupo PACS (NYSE: PACS) ha anunciado la adquisici贸n de 8 instalaciones de enfermer铆a especializadas en el oeste de Pennsylvania a trav茅s de sus subsidiarias operativas independientes. Las instalaciones, ubicadas en Pittsburgh, Bedford, Bethel Park, Monroeville y McMurray, comprenden 1,199 camas de enfermer铆a especializada. Cuatro instalaciones ser谩n alquiladas a CareTrust REIT (NYSE: CTRE), mientras que las subsidiarias de PACS adquirieron el patrimonio inmobiliario de las otras cuatro. Esta expansi贸n marca la entrada de PACS en Pennsylvania, su 17掳 estado de operaci贸n, con un enfoque en llevar su modelo de atenci贸n post-aguda al 谩rea metropolitana de Pittsburgh.
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Le groupe PACS (NYSE: PACS) a annonc茅 l'acquisition de 8 茅tablissements de soins infirmiers sp茅cialis茅s dans l'ouest de la Pennsylvanie par le biais de ses filiales ind茅pendantes. Les 茅tablissements, situ茅s 脿 Pittsburgh, Bedford, Bethel Park, Monroeville et McMurray, comprennent 1.199 lits de soins sp茅cialis茅s. Quatre 茅tablissements seront lou茅s 脿 CareTrust REIT (NYSE: CTRE), tandis que les filiales de PACS ont acquis l'immobilier des quatre autres. Cette expansion marque l'entr茅e de PACS en Pennsylvanie, son 17猫me 茅tat d'op茅ration, avec l'objectif d'apporter leur mod猫le de soins post-aigus dans la r茅gion m茅tropolitaine de Pittsburgh.
Die PACS-Gruppe (NYSE: PACS) hat den Erwerb von 8 spezialisierten Pflegeeinrichtungen im westlichen Pennsylvania durch ihre unabh盲ngig betriebenen Tochtergesellschaften bekannt gegeben. Die Einrichtungen befinden sich in Pittsburgh, Bedford, Bethel Park, Monroeville und McMurray und umfassen 1.199 Pflegebetten. Vier Einrichtungen werden von CareTrust REIT (NYSE: CTRE) gemietet, w盲hrend die Tochtergesellschaften von PACS das Immobilienverm枚gen der verbleibenden vier erworben haben. Diese Expansion markiert den Eintritt von PACS in Pennsylvania, dem 17. Bundesstaat, in dem das Unternehmen t盲tig ist, mit dem Ziel, ihr Modell der nach-akuten Versorgung in der Metropolregion Pittsburgh einzuf眉hren.
- Expansion into Pennsylvania as 17th state of operation
- Strategic acquisition of 1,199 skilled nursing beds
- Mixed model of real estate ownership and leasing showing flexible growth strategy
- Geographic diversification in the Greater Pittsburgh market
- None.
Insights
This strategic acquisition marks a significant expansion for PACS, adding 1,199 skilled nursing beds across 8 facilities in Pennsylvania. The deal structure is particularly noteworthy, combining both leased operations (4 facilities from CareTrust REIT) and outright real estate acquisitions (4 facilities), demonstrating a balanced approach to capital allocation. The expansion into Pennsylvania as their 17th state indicates strong geographic diversification and market penetration strategy.
The Greater Pittsburgh market presents substantial growth potential in the post-acute care sector, with an aging demographic and strong healthcare infrastructure. The mixed lease/purchase model helps optimize capital efficiency while maintaining operational control. This acquisition should contribute meaningfully to PACS's revenue stream and market presence in the northeastern United States.
The acquisition strategically positions PACS in the lucrative western Pennsylvania healthcare market, particularly around Pittsburgh's metropolitan area. This region has a higher-than-average elderly population and strong healthcare networks, making it an attractive market for skilled nursing facilities. The portfolio's size of 1,199 beds provides immediate scale advantages and operational synergies.
The partnership with CareTrust REIT for four facilities demonstrates strong institutional backing and validates the market opportunity. The diverse location spread across Pittsburgh, Bedford, Bethel Park, Monroeville and McMurray creates a robust regional network that can capture various patient demographics and referral patterns.
鈥淲e鈥檙e excited to enter into
Derick Apt, PACS CFO, noted: 鈥淭his acquisition illustrates an important element of our growth model in action. We consider acquisitions, both large and small, lease and purchase, when we believe the PACS operating model can thrive in this kind of market 鈥� and in new markets 鈥� and we look forward to seeing the good that these facilities can provide to their communities in the years to come.鈥�
About PACS鈩�
PACS Group, Inc. is a holding company investing in post-acute healthcare facilities, professionals, and ancillary services. Founded in 2013, PACS Group is one of the largest post-acute platforms in
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Media: Brooks Stevenson
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262 N. University Avenue
T: 385-988-3596
brooks.stevenson@pacs.com
Source: PACS Group, Inc.
FAQ
How many facilities did PACS Group acquire in Pennsylvania in 2024?
Which cities in Pennsylvania are the new PACS facilities located?
How many of the new PACS Pennsylvania facilities are owned vs leased?
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