Nursing Care Stocks Surge to $2.5 Billion... Market Cap Soars by 3 Trillion Won in One Day

PACS Group Inc. (PACS), listed on the New York Stock Exchange, closed at $40.80 on the 12th, marking a 27.9% intraday gain. Trading volume exceeded 2.05 million shares, and its market capitalization jumped by roughly $2.5 billion to about $6.4 billion.

In its Q1 2026 earnings report released the previous day, PACS posted revenue of $1.42 billion and net income of $80.7 million—well above market expectations—and raised its adjusted EBITDA guidance. At the same time, the company unveiled a $250 million share repurchase program, which analysts say helped fuel the stock rally.

PACS operates more than 300 post-acute, skilled nursing, and senior living facilities across the U.S., employing approximately 47,000 staff and serving over 31,000 patients and residents daily. However, rapid acquisition-driven growth in recent years has drawn accounting and regulatory probes as well as shareholder lawsuits, underscoring the need to weigh both its growth prospects and potential legal risks.