Jun. 18 at 2:47 PM
$PACS with only 4 SNF acquisitions completed year to date, PACS is now lagging its target of ~20 per year. Given what they have communicated about the health of their M&A pipeline, I do wonder if they are working on a chunky deal. The balance sheet is clean (net leverage is below 0.5x), they have nearly
$800M in available liquidity, and will continue to generate cash as we progress through the year.
One would also imagine the government investigation will come to a close at some point. The government inquiry was technically opened back in November of 2024, and PACS gave the government the findings from its own internal investigation back in November of 2025.