PACS Group Appoints New Chief Financial Officer
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 27 2026
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Should l Buy PACS?
Source: Newsfilter
- Executive Appointment: PACS Group announced the appointment of Carey P. Hendrickson as Chief Financial Officer, effective April 27, 2026, marking a significant milestone in the company's efforts to expand its national footprint and enhance clinical leadership.
- Extensive Experience: Hendrickson brings nearly four decades of financial leadership, having served as CFO at U.S. Physical Therapy, where he managed the financial operations of 779 outpatient clinics, demonstrating his exceptional capabilities in complex healthcare environments.
- Leadership Transition: Hendrickson succeeds PACS co-founder Mark Hancock, who will retire on June 30, 2026, while remaining as Vice Chairman of the Board, ensuring stability during this transition period for the company.
- Strategic Vision: Hendrickson expressed admiration for PACS's commitment to post-acute care and its leadership culture, looking forward to leveraging his extensive industry experience to contribute to the company's mission.
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Analyst Views on PACS
Wall Street analysts forecast PACS stock price to rise
5 Analyst Rating
5 Buy
0 Hold
0 Sell
Strong Buy
Current: 33.630
Low
40.00
Averages
42.60
High
47.00
Current: 33.630
Low
40.00
Averages
42.60
High
47.00
About PACS
PACS Group, Inc. is a holding company. The Company, through its subsidiaries, is engaged in providing various skilled nursing facilities (SNF) and assisted living facilities (ALF) services. It provides senior care, assisted living, and independent living options in its communities. It operates 321 post-acute care facilities across 17 states serving over 31,700 patients daily. Its post-acute care ecosystem serves individuals who need additional help recuperating from acute conditions, illnesses, or serious medical procedures after they have been discharged from the hospital. This ecosystem ranges from higher acuity, higher-cost settings, such as long-term acute care hospitals and inpatient rehabilitation facilities, to lower acuity, lower-cost settings, such as assisted living facilities, and home health. The Company also provides independently operated facilities with technology, support, and back-office services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
PACS Group Announces Q1 2026 Financial Results Release Plan
- Earnings Release Plan: PACS Group intends to release its Q1 2026 financial results on May 11, 2026, with management hosting a call on May 12 to discuss the results, which is expected to attract investor interest.
- Investor Participation: Investors can join the call via the PACS Group website or by dialing specified numbers, ensuring transparency and accessibility of information, which enhances investor confidence.
- Company Background: Founded in 2013, PACS Group is one of the largest post-acute healthcare companies in the U.S., operating 324 facilities that serve over 31,900 patients daily, highlighting its significant position in the industry.
- Forward-Looking Statements: The company's forward-looking statements emphasize the timeline for financial reporting and potential risks, indicating management's cautious optimism about future performance and reflecting sensitivity to market changes.
See More
PACS Group Acquires Ridgeway Senior Living in Alaska
- Network Expansion: PACS Group has acquired Ridgeway Senior Living in Anchorage, Alaska, marking its fourth facility in the state and further solidifying its position in the post-acute care market.
- New Facility Development: The transaction includes the acquisition of adjacent land, with plans to build a 150-bed skilled nursing facility by 2028, aimed at providing a full continuum of care and enhancing community asset value.
- Strategic Growth Vision: PACS CEO Jason Murray stated that this expansion supports the company's locally led and centrally supported model in Alaska, ensuring exceptional service delivery across all levels of acuity to meet market demands.
- National Impact Enhancement: This expansion brings PACS' total community count to 325 across 17 states, providing nearly 36,000 beds, highlighting its revolutionary mission in the national post-acute care landscape.
See More
PACS Group CFO Mark Hancock to Retire in 2026
- Executive Retirement Announcement: PACS Group co-founder and CFO Mark Hancock has announced his retirement effective June 30, 2026, marking a significant shift in the company's leadership that could impact investor confidence in its future financial strategies.
- Board Role Transition: After stepping down as CFO, Hancock will remain on the board as vice chairman, a move aimed at ensuring stability during the transition and leveraging his extensive experience to guide future financial decisions.
- Financial Performance Overview: In Q4 2025, PACS Group reported a GAAP EPS of $1.22 and revenue of $5.29 billion, indicating the company's sustained growth potential in the healthcare sector, although executive changes may have a short-term impact on market sentiment.
- Market Reaction Anticipation: Following the announcement of Hancock's retirement, the market is likely to closely monitor PACS Group's subsequent executive appointments and their implications for the company's strategic direction, particularly in the increasingly competitive healthcare industry.
See More
PACS Group Appoints New Chief Financial Officer
- Executive Appointment: PACS Group announced the appointment of Carey P. Hendrickson as Chief Financial Officer, effective April 27, 2026, marking a significant milestone in the company's efforts to expand its national footprint and enhance clinical leadership.
- Extensive Experience: Hendrickson brings nearly four decades of financial leadership, having served as CFO at U.S. Physical Therapy, where he managed the financial operations of 779 outpatient clinics, demonstrating his exceptional capabilities in complex healthcare environments.
- Leadership Transition: Hendrickson succeeds PACS co-founder Mark Hancock, who will retire on June 30, 2026, while remaining as Vice Chairman of the Board, ensuring stability during this transition period for the company.
- Strategic Vision: Hendrickson expressed admiration for PACS's commitment to post-acute care and its leadership culture, looking forward to leveraging his extensive industry experience to contribute to the company's mission.
See More
PACS Group to Present at Oppenheimer Healthcare Conference
- Conference Details: PACS Group will present at the Oppenheimer 36th Annual Healthcare MedTech & Services Conference on March 17, 2026, from 12:40 to 1:10 p.m. Eastern Time, showcasing the company's operations and growth strategy.
- Executive Participation: CEO and Chairman Jason Murray, along with Interim CFO Mark Hancock, will jointly present at the conference, sharing relevant information to enhance investor understanding of the company.
- Live Webcast: The presentation will be available via live webcast, which will be archived approximately one hour after the event and accessible for 90 days, allowing investors who cannot attend live to obtain the information.
- Company Overview: Founded in 2013, PACS Group is one of the largest post-acute healthcare companies in the U.S., with independent subsidiaries operating over 320 post-acute care facilities across 17 states, serving more than 31,700 patients daily.
See More
PACS GROUP INC: UBS Increases Price Target from $42 to $44
Company Announcement: PACSGROUP Inc. has raised its target price for shares.
New Target Price: The new target price is set at $44, an increase from the previous $42.
See More
PACS Group Announces Q1 2026 Financial Results Release Plan
- Earnings Release Plan: PACS Group intends to release its Q1 2026 financial results on May 11, 2026, with management hosting a call on May 12 to discuss the results, which is expected to attract investor interest.
- Investor Participation: Investors can join the call via the PACS Group website or by dialing specified numbers, ensuring transparency and accessibility of information, which enhances investor confidence.
- Company Background: Founded in 2013, PACS Group is one of the largest post-acute healthcare companies in the U.S., operating 324 facilities that serve over 31,900 patients daily, highlighting its significant position in the industry.
- Forward-Looking Statements: The company's forward-looking statements emphasize the timeline for financial reporting and potential risks, indicating management's cautious optimism about future performance and reflecting sensitivity to market changes.
See More
PACS Group Acquires Ridgeway Senior Living in Alaska
- Network Expansion: PACS Group has acquired Ridgeway Senior Living in Anchorage, Alaska, marking its fourth facility in the state and further solidifying its position in the post-acute care market.
- New Facility Development: The transaction includes the acquisition of adjacent land, with plans to build a 150-bed skilled nursing facility by 2028, aimed at providing a full continuum of care and enhancing community asset value.
- Strategic Growth Vision: PACS CEO Jason Murray stated that this expansion supports the company's locally led and centrally supported model in Alaska, ensuring exceptional service delivery across all levels of acuity to meet market demands.
- National Impact Enhancement: This expansion brings PACS' total community count to 325 across 17 states, providing nearly 36,000 beds, highlighting its revolutionary mission in the national post-acute care landscape.
See More
PACS Group CFO Mark Hancock to Retire in 2026
- Executive Retirement Announcement: PACS Group co-founder and CFO Mark Hancock has announced his retirement effective June 30, 2026, marking a significant shift in the company's leadership that could impact investor confidence in its future financial strategies.
- Board Role Transition: After stepping down as CFO, Hancock will remain on the board as vice chairman, a move aimed at ensuring stability during the transition and leveraging his extensive experience to guide future financial decisions.
- Financial Performance Overview: In Q4 2025, PACS Group reported a GAAP EPS of $1.22 and revenue of $5.29 billion, indicating the company's sustained growth potential in the healthcare sector, although executive changes may have a short-term impact on market sentiment.
- Market Reaction Anticipation: Following the announcement of Hancock's retirement, the market is likely to closely monitor PACS Group's subsequent executive appointments and their implications for the company's strategic direction, particularly in the increasingly competitive healthcare industry.
See More
PACS Group Appoints New Chief Financial Officer
- Executive Appointment: PACS Group announced the appointment of Carey P. Hendrickson as Chief Financial Officer, effective April 27, 2026, marking a significant milestone in the company's efforts to expand its national footprint and enhance clinical leadership.
- Extensive Experience: Hendrickson brings nearly four decades of financial leadership, having served as CFO at U.S. Physical Therapy, where he managed the financial operations of 779 outpatient clinics, demonstrating his exceptional capabilities in complex healthcare environments.
- Leadership Transition: Hendrickson succeeds PACS co-founder Mark Hancock, who will retire on June 30, 2026, while remaining as Vice Chairman of the Board, ensuring stability during this transition period for the company.
- Strategic Vision: Hendrickson expressed admiration for PACS's commitment to post-acute care and its leadership culture, looking forward to leveraging his extensive industry experience to contribute to the company's mission.
See More
PACS Group to Present at Oppenheimer Healthcare Conference
- Conference Details: PACS Group will present at the Oppenheimer 36th Annual Healthcare MedTech & Services Conference on March 17, 2026, from 12:40 to 1:10 p.m. Eastern Time, showcasing the company's operations and growth strategy.
- Executive Participation: CEO and Chairman Jason Murray, along with Interim CFO Mark Hancock, will jointly present at the conference, sharing relevant information to enhance investor understanding of the company.
- Live Webcast: The presentation will be available via live webcast, which will be archived approximately one hour after the event and accessible for 90 days, allowing investors who cannot attend live to obtain the information.
- Company Overview: Founded in 2013, PACS Group is one of the largest post-acute healthcare companies in the U.S., with independent subsidiaries operating over 320 post-acute care facilities across 17 states, serving more than 31,700 patients daily.
See More
PACS GROUP INC: UBS Increases Price Target from $42 to $44
Company Announcement: PACSGROUP Inc. has raised its target price for shares.
New Target Price: The new target price is set at $44, an increase from the previous $42.
See More
