PACS Group (NYSE: PACS) has successfully completed its acquisition of 53 senior living communities from Prestige Care, expanding its presence to Alaska, Idaho, Montana, Oregon, and Washington. This acquisition doubles PACS Group’s number of senior living communities from 16 to 37, adding 1,334 assisted living and independent living units to its portfolio.
Josh Jergensen, PACS president and COO, emphasized the company’s commitment to meeting the growing demand for senior living services. By bringing their successful model to new communities, PACS aims to provide a broader spectrum of care for residents in need of transitioning to assisted living.
Jason Murray, PACS’ Chairman and CEO, expressed the company’s dedication to becoming a leader in post-acute care and enhancing the quality of life for their residents. The agreement between PACS Group and Prestige Care ensures seamless operations and a continued focus on delivering high-quality care.
Founded in 2013, PACS Group is a leading holding company in post-acute healthcare, operating over 276 locations across 15 states and serving more than 29,000 patients and residents. The terms of the acquisition were not disclosed, but the company remains focused on its mission to empower local leaders and elevate healthcare in the communities they serve.
