Farmington-based PACS Group Inc. has announced that independently operated subsidiaries of the company have acquired the operations of eight skilled nursing facilities in Pennsylvania. The facilities are located in the western Pennsylvania cities of Pittsburgh, Bedford, Bethel Park, Monroeville and McMurray, and collectively comprise 1,199 skilled nursing beds. The physical properties of four of the facilities are being leased from an affiliate of CareTrust REIT and PACS Group purchased the real estate of the other four facilities.
PACS Group is a holding company investing in post-acute health care facilities, professional practices and ancillary services. Founded in 2013, PACS Group’s independent subsidiaries operate 284 post-acute care and senior living facilities across 16 states, serving over 27,000 patients daily.
“We’re excited to enter into Pennsylvania — a new market for PACS and our 17th state — and we’re pleased to welcome these eight facilities, as well as their staffs and residents, to the PACS family,” said Jason Murray, PACS chairman and CEO. “We see tremendous opportunity to bring our model of post-acute care to the Greater Pittsburgh area, and provide top-level care to the communities the facilities serve.”
“This 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 — and in new markets — and we look forward to seeing the good that these facilities can provide to their communities in the years to come,” said Derick Apt, PACS Group’s chief operating officer.