PACS Group, Inc. (NYSE:PACS) announced today that subsidiaries of the Company have entered into definitive agreements to acquire the operations of 32 skilled nursing facilities across Florida. The facilities will be leased from subsidiaries of one of our existing REIT landlords, Omega Healthcare Investors, Inc. (NYSE:OHI).

The facilities have a combined 4,049 licensed skilled nursing beds and are deeply integrated into local healthcare networks throughout Florida. The acquisition will establish a strategic, statewide network that immediately positions PACS as a premier post-acute provider across the Sunshine State's most critical healthcare corridors.

With the addition of these 32 Florida locations, PACS significantly expands its reach in the South, complementing the Company’s existing operations in Texas (25 facilities), South Carolina (27 facilities), Tennessee (12 facilities), and Kentucky (7 facilities).

The transaction is expected to close in the fourth quarter, subject to customary conditions and contingencies.

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