Pacs Group provides preliminary Q3 KPIs

Pacs had 183 facilities, or 76%, of its skilled nursing portfolio achieve a 4 or 5 star CMS QM rating. The company’s ramping and mature facilities saw 93.9% and 94.5% occupancy, respectively. Total Facilities occupancy was 90.5%, compared to an industry average of 77%. The company’s ramping and mature facilities saw 31.2% and 32.1% skilled mix, respectively. Pacs acquired 56 facilities located throughout six new states, expanding the company’s operations to 15 states and adding 2,889 skilled nursing beds and 1,334 assisted living and independent living units to its portfolio. The company expects to have ended the quarter with more than $600M of cash and available liquidity.