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Reported Earlier, PACS Group To Acquire Operations At 53 Facilities In Pacific Northwest, Real Estate Joint Venture On Majority Of The Locations

Author: Benzinga Newsdesk | May 23, 2024 02:52am

The operations are located in 8 states, including Oregon (21 facilities), Washington (19 facilities), Idaho (6 facilities), Nevada (3 facilities), and one facility in each of Alaska, Arizona, California and Montana. Collectively, the facilities comprise 2,511 skilled nursing beds and 1,334 assisted living and independent living units. The Company will lease 37 of the facilities from a joint venture in which it owns a 25% interest. The remaining 16 facilities will be leased from unaffiliated third-party landlords.

Posted In: PACS


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