PACS Group Just Acquired 32 Florida Nursing Homes in a Single Day. Here Is What It Means for the State’s Post-Acute Market.

Salt Lake City, Utah — PACS Group is making its first move into Florida, and it is not starting small. The publicly traded nursing home operator announced Tuesday that it has entered into definitive agreements to acquire operations at 32 skilled nursing facilities across the Sunshine State, adding 4,049 licensed beds to its rapidly expanding portfolio.

The deal marks PACS’s entry into its 21st state and establishes what industry reports describe as a strategic, statewide network positioning the company as a premier post-acute provider across Florida’s most critical healthcare corridors. The facilities will be leased from subsidiaries of Omega Healthcare Investors, one of PACS’s existing REIT landlords.

“Entering a new state and expanding into a dynamic new market is an exciting opportunity for PACS,” said Jason Murray, the company’s chairman and CEO. “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.”

The acquisition significantly bolsters PACS’s presence in the South, complementing existing operations in Texas (25 facilities), South Carolina (27 facilities), Tennessee (12 facilities), and Kentucky (7 facilities). The company now supports more than 300 facilities nationwide.

Josh Jergensen, PACS president and COO, emphasized the company’s locally led, centrally supported model as key to the integration. “This transaction reflects our disciplined approach to growth,” he said. “We pursue opportunities where we believe local leadership, supported by the PACS operating model, can thrive and continue serving residents and communities at a high level.”

The deal comes as M&A activity in senior living and care approaches record levels, with operators increasingly looking to scale through strategic acquisitions. PACS’s Florida expansion follows its recent completion of 31 Eduro Healthcare facility acquisitions, representing 3,633 additional beds.

The transaction is expected to close in the fourth quarter, subject to customary conditions and regulatory approvals. Shares of PACS Group rose 3.3% in premarket trading Wednesday following the announcement.