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Stock impact report

PACS Group, Inc. (PACS) Gains NYSE Extension Amid Financial Restatements, Projects Record H1 Revenue [Yahoo! Finance]

PACS Group, Inc. (PACS) 
Company Research Source: Yahoo! Finance
PACS Group, Inc. (NYSE:PACS), a leading post-acute care provider, has been in focus this September amid regulatory challenges and operational growth. The Utah-based company operates 316 facilities across 17 states, with more than 32,000 skilled nursing beds and 2,400 assisted living beds, emphasizing quality care. Most facilities hold 4- or 5-star CMS ratings. Since Q2 2024, PACS has expanded rapidly, adding 96 facilities to its portfolio. In September, the New York Stock Exchange extended PACS's trading period to November 19, 2025, giving the company more time to complete restatements of financial statements from early and mid-2024 and catch up on SEC filings. PACS Group, Inc. (NYSE:PACS) is also cooperating with an independent Audit Committee investigation into past financial matters. Despite these issues, management signaled strong momentum, projecting record revenue and adjusted EBITDA for the first half of 2025 once filings are complete. As of June 30, the business reported 88 Show less Read more
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