PACS Group to Acquire Operations of 32 Facilities Across Florida and Closes on Additional Previously Announced Eduro Facilities

SALT LAKE CITY, September 01, 2026--PACS Group, Inc. (NYSE: PACS) announced today that subsidiaries of the Company have entered into definitive agreements to acquire the operations of 32 skilled nursing facilities across Florida. The facilities will be leased from subsidiaries of one of our existing REIT landlords, Omega Healthcare Investors, Inc. (NYSE: OHI).

The facilities have a combined 4,049 licensed skilled nursing beds and are deeply integrated into local healthcare networks throughout Florida. The acquisition will establish a strategic, statewide network that immediately positions PACS as a premier post-acute provider across the Sunshine State's most critical healthcare corridors.

"Entering a new state and expanding into a dynamic new market is an exciting opportunity for PACS. Florida represents an attractive, high-growth market that aligns with our long-term strategy of expanding into areas with strong demographic demand and opportunities to enhance care delivery," said Jason Murray, PACS Chairman and CEO. "We look forward to serving these communities, supporting our local teams, and building upon the strong operational foundation already in place while bringing PACS's culture, values and commitment to localized care."

With the addition of these 32 Florida locations, PACS significantly expands its reach in the South, complementing the Company's existing operations in Texas (25 facilities), South Carolina (27 facilities), Tennessee (12 facilities), and Kentucky (7 facilities).

"We're excited to partner with these facilities and their local leaders, and to leverage our locally led, centrally supported model as we integrate the operations following the anticipated closing later this year," said Josh Jergensen, PACS President and COO. "This transaction reflects our disciplined approach to growth. We pursue opportunities where we believe local leadership, supported by the PACS operating model, can thrive and continue serving residents and communities at a high level. We look forward to supporting these teams and building on the strong foundation already in place."

The transaction is expected to close in the fourth quarter, subject to customary conditions and contingencies.

Update on Eduro Healthcare Acquisition

PACS also announced today that the Company closed on 11 facilities owned and operated by Eduro Healthcare, in addition to the 20 Eduro facilities closed in August. PACS has now completed the acquisition on 31 of the 34 skilled nursing facilities associated with this previously-announced transaction, which collectively comprise 3,633 nursing beds. The remaining three buildings are pending closing, subject to customary conditions and contingencies.