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PACS Group Q2 Earnings Call Highlights
['Mitch Edgeman']
Markets Daily
Occupancy, Mix and Quality Metrics ImproveChief Executive Officer Jason Murray said the company’s earnings growth was primarily driven by its existing portfolio rather than newly acquired operations.
Same-store occupancy reached 90.6%, compared with 89.1% a year earlier, while same-store skilled mix increased to 29.7% from 29.2%.
Across the total skilled nursing portfolio, occupancy increased 180 basis points to 90.4%, and skilled mix rose 100 basis points to 30%.
Its skilled nursing portfolio included 184 mature facilities, 100 ramping facilities and six new facilities.
About PACS Group (NYSE:PACS)PACS Group, Inc, through its subsidiaries, operates skilled nursing facilities and assisted living facilities in the United States.