PACS Group (PACS) said Friday that its subsidiaries have acquired the operations of post-acute care facility Ridgeway Senior Living in Anchorage, Alaska.
Financial terms of the acquisition were not disclosed.
As part of the transaction, PACS has acquired land adjacent to the building, where it plans to build a subsequent 150-bed skilled nursing facility with an expected completion date of 2028, according to a statement.
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Tanger (SKT) reported Q1 core funds from operations late Thursday of $0.59 per diluted share, up from $0.53 a year earlier.Analysts polled by FactSet expected $0.58.Revenue in the three months ended March 31 rose to $150.4 million from $135.4 million a year earlier.Analysts surveyed by FactSet expected $142.9 million.The company raised 2026 FFO guidance to $2.42 to $2.50 per diluted share from $2.41 to $2.49.Analysts polled by FactSet expect $2.47.Tanger shares fell 2.3% in after-hours trading.
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