PACS has been in the news 750% more than usual
Nov 05, 2024, 11:33 PM
-48.61%
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: Johnson Fistel, LLP, the Schall Law Firm, and the Law Offices of Frank R. Cruz are all investigating PACS Group, Inc. for potential securities law violations related to allegations of misleading practices and fraud, which have significantly impacted the company's stock value. These investigations are prompted by claims that PACS Group's turnaround strategy is fraudulent and that it inflated its income by over 100% from 2020 to 2023.
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