PACS Group, Inc. (PACS)

The company's stock reached an all-time high of $42.94 on November 1, 2024, and its 52-week high is $43.08, but it has also experienced volatility, with a 52-week low of $7.50. In September 2025, the NYSE granted PACS Group an extension to complete restatements of its financial statements. This followed the company's announcement in June 2025 that it would restate these financial statements due to revenue recognition issues. In October 2025, the company's CFO resigned following an internal policy investigation, and an interim CFO and compliance chief were appointed. A short seller's report in November 2024 also caused the stock to drop significantly. Management projected record revenue and adjusted EBITDA for the first half of 2025 once filings are complete. In December 2025, PACS Group announced business updates, including an amendment and waiver to its credit agreement. In January 2026, subsidiaries of PACS Group acquired the operations of three post-acute care facilities in Alaska and Idaho, and the real estate of four facilities.

The provided information does not explicitly detail demand seasonality for PACS Group, Inc.'s products and services. Demand may be less subject to significant seasonal fluctuations compared to other industries. No specific data on seasonality was found in the search results.

PACS Group, Inc. is a holding company focused on delivering skilled nursing care through independently operated facilities. It provides senior care, assisted living, and independent living options. The company offers technology, support, and back-office services to its independent facilities, including accounting, finance, human resources, compliance, payroll, and IT. The post-acute care ecosystem serves individuals recovering from acute conditions, illnesses, or serious medical procedures after hospital discharge.

PACS Group, Inc. operates a network of facilities across the United States. Its subsidiaries manage approximately 323 to 324 post-acute care and senior living facilities across 17 states, serving over 30,000 to 31,000 patients daily. As of June 30, 2025, the company's subsidiaries operated 316 healthcare facilities with over 32,000 skilled nursing beds and 2,400 assisted living beds across 17 states. The company's owned and leased properties are strategically located in states such as Arizona, California, Colorado, Kentucky, Missouri, Nevada, Ohio, South Carolina, and Texas, with plans for further penetration and expansion into new states.

PACS Group's brand reputation has been a mix of positive recognition and significant challenges in the past year. The company was recognized by Utah Business magazine as one of Utah's Best Companies to work for in both 2022 and 2023, and as one of Utah's Fastest Growing Companies, ranking #25 in 2022 and #9 in 2023. However, the company's reputation has been impacted by the need to restate financial statements, the resignation of the CFO, and a short seller's report.

PACS Group, Inc. has a mix of individual and institutional ownership. Co-founders Mark Hancock and Jason Hulse Murray are significant individual owners, holding 35.20% each of the total shares. Other major individual owners include Joshua Jergensen. Major institutional shareholders include Cohen & Steers Capital Management, Inc., Fidelity Management & Research Company LLC, and The Vanguard Group, Inc., BlackRock, Inc., Fmr Llc, VGHCX - Vanguard Health Care Fund Investor Shares, CSEIX - Cohen & Steers Real Estate Securities Fund Class A, FDVLX - Fidelity Value Fund, Crewe Advisors LLC, Royce & Associates Lp, Wellington Management Group Llp.