PACS has been in the news 391% more than usual
Nov 14, 2024, 11:33 PM
-16.39%
What does PACS do
PACS Group, headquartered in Farmington, Utah, operates over 218 post-acute care facilities across nine states, employing 32,433 staff and serving over 20,000 patients daily. The company went public on April 11, 2024.
PACS has been in the news recently: PACS Group, Inc. is under investigation by multiple law firms for allegedly misleading investors and improperly accessing Medicare benefits, which reportedly contributed to over 100% of its income from 2020 to 2023. Following a significant stock drop of 38% and a critical report, class action lawsuits have been filed against the company amid allegations of fraud.
📡️ Health Care
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