From two facilities in 2013 to over 200 in 2024, we needed to relay the founder-led company’s growth and investment potential while also showing how PACS is breathing new life into an industry that has long been wrought with poor staffing, poor quality of care and, as a result, negative perceptions. Key to this was illustrating how the company is turning around distressed skilled nursing facilities by investing in equipment and the physical plants themselves and empowering local teams by providing support services. All of which vastly help improve operations, boost employee morale, and most importantly, significantly elevate the quality of care patients are receiving, resulting in better patient outcomes and higher QM star ratings for PACS’ facility affiliates.

Through its IPO roadshow video, investors were able to receive a first-hand look at PACS’ decentralised operating model. They gained an understanding of the considerable investment opportunity with a company that is not only profitable but also addresses a highly fragmented area of healthcare where an ageing population and an increase in chronic conditions are expected to grow in demand.

Pricing at $21, PACS’ hard work culminated in an upsized IPO, raising $450 million and valuing the company at $3.1 billion. Trading opened at $23, and the nearly 10% rise in price held steady in the days following, a testament to investor demand.