PACS Group’s Chief Accounting Officer, Michelle Lewis, discusses the Company’s journey to IPO readiness, emphasizing the role of the Workiva platform in streamlining its financial reporting processes and collaboration. PACS partnered with Workiva to transition from private to public company accounting standards and leverage the platform’s features for efficient document management. Read more from the Q&A and her guidance for other organizations preparing for an IPO.
Scaling up by empowering regional operators has long been a successful strategy for nursing home giant PACS Group (NYSE: PACS), but this growth hasn’t come at the expense of losing its identity nor by over-leveraging itself using high-interest debt, according to CEO Jason Murray.
For nursing home operators with rapidly expanding portfolios, there are a lot of challenges and rewards to consider. Joseph Lee, Senior VP of Support Services at PACS, knows this first-hand.
Disclaimer: PACS Group, Inc. is a holding company. It and its subsidiaries that are not licensed healthcare providers do not provide healthcare services to patients, residents or any other person, and do not direct or control the provision of services provided or the operations of those provider subsidiaries. All healthcare services are provided solely by its applicable subsidiaries that are licensed healthcare providers, under the direction and control of licensed healthcare professionals in accordance with applicable law. References to the consolidated “company” and “its” assets and activities, as well as the use of the terms “we,” “us,” “its”, “our” and similar verbiage, are not meant to imply that PACS Group, Inc. has direct operating assets, employees, or revenue, or that any of the affiliated entities, facilities, or business services are operated or managed by the same entity.