Polsinelli Advises PACS Group on 34-Facility Skilled Nursing Acquisition
Polsinelli represented PACS Group in connection with its definitive agreement for its subsidiaries to acquire the operations of 34 skilled nursing facilities from Eduro Healthcare, significantly expanding PACS’s presence across the western United States.
The portfolio includes 3,633 skilled nursing beds across Texas, Montana, South Dakota, New Mexico, North Dakota and Utah. The transaction will bring PACS into four new states, extending a platform whose independent subsidiaries currently operate more than 320 post-acute care and senior living facilities across 17 states. PACS has identified large portfolio acquisitions as an important avenue for bringing its operating model into new markets.
The Polsinelli team was led by Polsinelli Shareholder Bobby Guy, with Health Care M&A Co-Chair Andrew J. Voss and Shareholders Brook M. Bailey, Amanda Norcross, Sara Avakian and Jon T. Beeman, Additional support was provided by Counsel K. Stewart Day and Associates Dylan G. Ilario, Matthew T. Lin, Jamie M. Thompson and Erika H. Stinnett.