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COMBINED/CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2024
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenue            
Patient and resident service revenue $ 935,257 $ 919,413 $ 1,854,670 $ 4,086,655 $ 3,110,114 $ 2,399,155
Additional funding 0 0 0 0 375 21,482
Other revenues 448 423 871 3,079 1,003 1,357
Total Revenue 935,705 919,836 1,855,541 4,089,734 3,111,492 2,421,994
Operating Expenses            
Cost of services 762,147 735,992 1,498,139 3,297,091 2,447,713 1,861,314
Rent - cost of services 64,809 63,513 128,322 284,953 216,711 160,003
General and administrative expense 136,674 46,906 183,580 343,808 213,664 149,006
Depreciation and amortization 9,254 8,116 17,370 40,809 25,632 22,311
Total Operating Expenses 972,884 854,527 1,827,411 3,966,661 2,903,720 2,192,634
Operating income (37,179) 65,309 28,130 123,073 207,772 229,360
Other (Expense) Income            
Interest expense (9,915) (16,096) (26,011) (44,341) (49,919) (25,538)
Gain on lease termination 0 8,046 8,046 8,046 0 0
Other income (expense), net (3,905) 440 (3,465) 14,776 (536) 3,223
Total Other Expense, Net (13,820) (7,610) (21,430) (21,519) (50,455) (22,315)
Income before provision for income taxes (50,999) 57,699 6,700 101,554 157,317 207,045
Provision for income taxes (19,123) 22,880 3,757 46,210 44,435 56,549
Net Income (31,876) 34,819 2,943 55,344 112,882 150,496
Net (loss) income attributable to noncontrolling interest 2 2 4 (416) 8 0
Net Income Attributable To PACS Group, Inc. $ (31,878) $ 34,817 $ 2,939 $ 55,760 $ 112,874 $ 150,496
Net Income Per Share Attributable To PACS Group, Inc.            
Basic (in us dollars per share) $ (0.21) $ 0.27 $ 0.02 $ 0.38 $ 0.88 $ 1.17
Diluted (in us dollars per share) $ (0.21) $ 0.27 $ 0.02 $ 0.38 $ 0.88 $ 1.17
Weighted-Average Common Shares Outstanding            
Basic (in shares) 149,463,655 128,723,386 139,093,520 146,663,371 128,723,386 128,723,386
Diluted (in shares) 149,463,655 128,723,386 139,684,618 148,574,606 128,723,386 128,723,386