Skilled Nursing News May 17, 2024
Scaling up by empowering regional operators has long been a successful strategy for nursing home giant PACS Group (NYSE: PACS), but this growth hasn’t come at the expense of losing its identity nor by over-leveraging itself using high-interest debt, according to CEO Jason Murray.
For PACS, which debuted on Wall Street in March, its steady expansion also guided its decision to go public.
“As we grew in size, we were getting to a point where we were talking about what the future looked like – how do we preserve what we built?” Murray said.
Over the years, PACS executives understood that it was important not to get drawn into using the “wrong capital” – meaning loans that over-leverage a...
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