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CONDENSED COMBINED/CONSOLIDATED STATEMENTS OF (LOSS) INCOME - 10-K - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenue                  
Patient and resident service revenue $ 981,398   $ 760,424   $ 1,915,696 $ 1,468,250 $ 3,110,114 $ 2,399,155 $ 1,135,909
Additional funding 0   0   0 375 375 21,482 28,563
Other revenues 448   240   871 481 1,003 1,357 2,091
Total Revenue 981,846   760,664   1,916,567 1,469,106 3,111,492 2,421,994 1,166,563
Operating Expenses                  
Cost of services 762,147   590,815   1,498,139 1,129,587 2,447,713 1,861,314 901,095
Rent - cost of services 65,833   51,456   129,794 96,560 216,711 160,003 78,122
General and administrative expense 144,380   62,695   191,286 122,137 213,664 149,006 96,834
Depreciation and amortization 8,776   6,159   16,678 11,988 25,632 22,311 7,153
Total Operating Expenses 981,136   711,125   1,835,897 1,360,272 2,903,720 2,192,634 1,083,204
Operating Income 710   49,539   80,670 108,834 207,772 229,360 83,359
Other (Expense) Income                  
Interest expense (9,187)   (15,306)   (24,578) (25,942) (49,919) (25,538) (5,278)
Other expense, net (3,905)   (2,643)   (3,465) (2,203) (536) 3,223 3,345
Total Other Expense, net (13,092)   (17,949)   (19,997) (28,145) (50,455) (22,315) (1,933)
(Loss) income before provision for income taxes (12,382)   31,590   60,673 80,689 157,317 207,045 81,426
Benefit (provision) for income taxes 1,474   (10,370)   (22,441) (21,871) (44,435) (56,549) (33,479)
Net (Loss) Income (10,908)   21,220   38,232 58,818 112,882 150,496 47,947
Net income attributable to noncontrolling interest 2 $ 2 2 $ 1 4 3 8 0 0
Net (loss) income attributable to PACS Group, Inc. $ (10,910) $ 49,138 $ 21,218 $ 37,597 $ 38,228 $ 58,815 $ 112,874 $ 150,496 $ 47,947
Net (loss) income per share attributable to PACS Group, Inc.                  
Basic (in us dollars per share) $ (0.07)   $ 0.16   $ 0.27 $ 0.46 $ 0.88 $ 1.17 $ 0.37
Diluted (in us dollars per share) $ (0.07)   $ 0.16   $ 0.27 $ 0.46 $ 0.88 $ 1.17 $ 0.37
Weighted-average common shares outstanding                  
Basic (in shares) 149,463,655   128,723,386   139,093,520 128,723,386 128,723,386 128,723,386 128,723,386
Diluted (in shares) 149,463,655   128,723,386   139,684,618 128,723,386 128,723,386 128,723,386 128,723,386