PACS Group, Inc.
Climate Impact & Sustainability Data (2024-03)
Reporting Period: 2024-03
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Increased competition for, or a shortage of, nurses, nurse assistants and other skilled personnel
- State efforts to regulate or deregulate the healthcare services industry
- Risks related to expiration of the COVID-19 public health emergency
- Competition for patients and residents
- Litigation
- Information technology failures
- Difficulty completing acquisitions
- Risks associated with leased real property
- Changes in healthcare system reforms
- Government reviews, audits, and investigations
- Potential margin loan defaults by founders
- Controlled company status under NYSE
Mitigation Strategies
- Internal compliance professionals and resources to ensure compliance
- Expansion of the company and a decrease in acquisitions completed
- Using the Amended and Restated 2023 Credit Facility to fund acquisitions
- Vigorously contesting regulatory outcomes
- Implementing review procedures for tax credit calculations
- Monitoring available financing alternatives