PACS is trading 4.4% up today at $41.70 after announcing a definitive agreement to acquire operations of 34 skilled nursing facilities from Eduro Healthcare.

  • The deal adds 3,633 beds across six states, expanding the company's footprint into four new markets.
  • The acquisition reinforces the PACS growth-by-acquisition strategy, with shares currently trading near their 52-week highs.
  • Investors are reacting positively to the expansion following a period of strong recent financial performance.