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.
Using a model that invests in strong administrators and frees them to lead locally, Providence Group has edged itself into position as one the nation’s five largest nursing home operators over the last two years.