Added to YB: 2024-11-07
Pitch date: 2024-11-04
PACS [bearish]
PACS Group, Inc.
+57.54%
current return
Author Info
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Company Info
PACS Group, Inc., through its subsidiaries, operates skilled nursing facilities and assisted living facilities in the United States.
Market Cap
$2.5B
Pitch Price
$30.78
Price Target
N/A
Dividend
N/A
Sector
Health Care Providers and Services
Category
N/A
Show full summary:
PACS Group: How To Become A Billionaire In The Skilled Nursing Industry By Systematically Scamming Taxpayers
PACS short: $6.7B SNF operator's growth driven by COVID waiver abuse, billing fraud & staffing violations. 190% Medicare revenue spike vs. competitor's 23%. Founders extracted $1B via dividends, stock sales & margin loans. CMS star ratings misleading. Hiring inexperienced admins. Risk of regulatory penalties & profitability loss if schemes curtailed.
Read full article (46 min)