PACS Group Expands into Alaska with New Acquisition and Planned 150‑Bed Facility

PACS Group, Inc. announced on May 1, 2026 that it has acquired the operations of Ridgeway Senior Living in Anchorage, Alaska, adding a fourth PACS‑branded facility in the state. The deal includes the purchase of adjacent land, which the company plans to develop into a 150‑bed skilled nursing center slated for completion in 2028. This acquisition expands PACS’s portfolio to 325 communities across 17 states and brings the total bed count to nearly 36,000, reinforcing the company’s roll‑up strategy in the fragmented post‑acute care market.

The new Anchorage facility will be integrated into PACS’s locally led, centrally supported model, allowing the company to leverage its proven turnaround playbook to elevate occupancy, skilled‑mix, and reimbursement rates. By adding a new market entry in Alaska, PACS broadens its geographic footprint and diversifies its revenue base, positioning it to capture higher‑acuity Medicare and managed‑care patients in a state with growing demand for post‑acute services. The planned 150‑bed center represents a significant capital investment that will further scale the company’s operational and regulatory capabilities.

This transaction underscores PACS’s aggressive expansion strategy following its 2024 acquisition surge. The company’s ability to acquire, reposition, and grow distressed facilities has been a key driver of its recent revenue growth, and the Alaska deal signals continued confidence in the roll‑up model. 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