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4. PACS Group, Inc. (NYSE:PACS)

Number of Hedge Fund Holders In Q3 2024: 32

PACS Group, Inc. (NYSE:PACS) is a large American assisted living and nursing facilities operator. As is the case with other healthcare facility operators, the firm’s hypothesis is dependent to a large extent on Medicare and Medicaid payments. As of H1 2024, 75% of PACS Group, Inc. (NYSE:PACS)’s revenue came from these two services. Consequently, the firm is dependent on US government health spending, and given the uncertainty surrounding public spending following the results of the November elections, investors seem to be waiting on the sidelines. However, PACS Group, Inc. (NYSE:PACS) appears to be priming itself for long-term growth by investing through mergers and adding new facilities to its network. This sets the firm up well for growth in the aging population in America.