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UNAUDITED CONDENSED COMBINED/CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue    
Patient and resident service revenue $ 934,298 $ 707,826
Additional funding 0 375
Other revenues 423 241
Total Revenue 934,721 708,442
Operating Expenses    
Cost of services 735,992 538,772
Rent - cost of services 63,961 45,104
General and administrative expense 46,906 59,442
Depreciation and amortization 7,902 5,829
Total Operating Expenses 854,761 649,147
Operating Income 79,960 59,295
Other (Expense) Income    
Interest expense (15,391) (10,636)
Gain on lease termination 8,046 0
Other income, net 440 440
Total Other Expense, net (6,905) (10,196)
Income before provision for income taxes 73,055 49,099
Provision for income taxes (23,915) (11,501)
Net Income 49,140 37,598
Less: net income attributable to noncontrolling interest 2 1
Net income attributable to PACS Group, Inc. $ 49,138 $ 37,597
Net income per common share attributable to PACS Group, Inc.    
Net income allocated to shareholders, basic (in dollars per share) $ 0.38 $ 0.29
Net income allocated to shareholders, diluted (in dollars per share) $ 0.38 $ 0.29
Weighted-average shares outstanding    
Basic weighted average common stock outstanding (in shares) 128,723,386 128,723,386
Diluted weighted average common stock outstanding (in shares) 128,723,386 128,723,386
Other comprehensive income, net of tax:    
Unrealized gain on available-for-sale debt securities, net of tax $ 201 $ 0
Total other comprehensive income 201 0
Comprehensive income 49,341 37,598
Comprehensive income attributable to noncontrolling interest 2 1
Comprehensive income attributable to PACS Group, Inc. $ 49,339 $ 37,597