secwatch.observer — SEC 8-K summary
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Issuer:     PACS Group, Inc. (PACS)
CIK:        0002001184
Form:       8-K
Filed at:   2024-05-13T23:59:59+00:00
Accession:  0002001184-24-000012
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PACS Group Q1 net income $49.1M (+31% YoY), rev $934.7M (+32%); guides FY adj EBITDA $351-361M
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- GAAP net income $49.1M (+31% YoY), GAAP EPS $0.38 (+31%); revenue $934.7M (+32% YoY).
- Adjusted EBITDA $88.5M (+34% YoY); adjusted EBITDAR $152.5M.
- Total facilities occupancy 91.1%; Medicare daily rate up 11%, Medicaid up 5.3% vs prior year Q1.
- Added 10 operating facilities in Q1 (1,334 skilled nursing, 174 assisted living beds); total operated facilities 218.
- FY2024 guidance: revenue $3.65-3.75B, adjusted EBITDA $351-361M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2001184/000200118424000012/0002001184-24-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2001184/000200118424000012/pacs-20240513.htm
  HTML page:      https://secwatch.observer/filing/0002001184-24-000012

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer