PACS Group Shares Rise 3.3% as Company Plans Florida Expansion and Completes More Eduro Acquisitions

PACS Group Shares Rise 3.3% as Company Plans Florida Expansion and Completes More Eduro Acquisitions

Fiona Craig

Wed, September 2, 2026 at 4:58 PM GMT+3 2 min read

• PACS -0.05%
• OHI +0.11%

PACS Group, Inc. (NYSE:PACS) shares rose 3.3% in premarket trading on Wednesday after the company announced definitive agreements to acquire the operations of 32 skilled nursing facilities in Florida and completed additional facility acquisitions from Eduro Healthcare.

The Florida facilities comprise 4,049 licensed skilled nursing beds and will be leased from Omega Healthcare Investors, Inc. (NYSE:OHI).

The transaction is expected to close during the fourth quarter, subject to customary closing conditions.

Florida Transaction Adds 32 Skilled Nursing Facilities

The planned acquisition will mark PACS Group's entry into Florida, extending its southern U.S. operations beyond its existing presence in Texas, South Carolina, Tennessee and Kentucky.

According to PACS, the 32 facilities are integrated into healthcare networks across Florida.

"Entering a new state and expanding into a dynamic new market is an exciting opportunity for PACS. Florida represents an attractive, high-growth market that aligns with our long-term strategy of expanding into areas with strong demographic demand and opportunities to enhance care delivery," said Jason Murray, PACS Chairman and CEO.

The comments represent management's assessment of the Florida market and the strategic rationale for the transaction.

Financial terms for the Florida operating acquisition were not provided in the supplied information.

PACS Completes 11 Additional Eduro Facility Acquisitions

Separately, PACS announced the closing of 11 additional facilities acquired from Eduro Healthcare.

The latest transactions bring the number of completed Eduro facility acquisitions to 31 out of a planned 34.

PACS previously completed the acquisition of 20 Eduro facilities in August. Together, the 31 completed acquisitions represent 3,633 nursing beds across New Mexico, North Dakota and South Dakota.

Three additional Eduro facilities remain pending closing.

Network Expands to 355 Facilities

Following the completed Eduro transactions, PACS said its network has expanded to 355 facilities.

The Eduro acquisitions have established operations for the company in three additional states, while completion of the Florida transaction would add another new state to its operating footprint.

PACS operates its skilled nursing facilities using a locally led and centrally supported operating model.

The Florida transaction remains subject to closing conditions, and the supplied information does not establish that all 32 facilities will be acquired on the currently expected timetable.

PACS shares gained 3.3% in premarket trading following the announcements, although the supplied information does not establish the extent to which the Florida agreements or Eduro closings individually contributed to the share-price movement.

PACS Group stock price