PACS Group Acquires 8 SNFs In Western Pennsylvania

Independently operated subsidiaries of PACS Group, Inc. acquired eight skilled nursing facilities (SNFs) in western Pennsylvania with 1,199 beds. The SNFs are located in Pittsburgh, Bedford, Bethel Park, Monroeville, and McMurray. The financial details were not disclosed.

Four of the facilities are being leased from an affiliate of CareTrust REIT. PACS Group subsidiaries acquired the real estate of the remaining four facilities.

With this acquisition, PACS entered Pennsylvania as a new market. PACS is a holding company that invests in post-acute health care facilities, professionals, and ancillary services. Its independent subsidiaries operate 284 post-acute care and senior . . .