PACS · PACS Group, Inc.

The appointment of Carey Hendrickson as CFO represents a planned leadership transition at PACS Group, Inc., with the 63-year-old executive assuming the principal financial officer role effective April 27, 2026. Hendrickson succeeds Mark Hancock, a co-founder who has served as Interim CFO since September 2025 and will step down from executive duties on June 30, 2026, while retaining significant board influence as Vice Chairman. Hendrickson's extensive background includes CFO positions at U.S. Physical Therapy (NYSE: USPH) from November 2020 to April 2026, Capital Senior Living (now Sonida Senior Living, NYSE: SNDA), and Belo Corp., providing deep expertise in healthcare finance, SEC reporting, M&A integration, and regulated reimbursement environments directly relevant to PACS's post-acute care operations. Compensation includes a competitive $475,000 base salary, $3.8 million target incentive, and $2 million in RSUs vesting over three years, signaling strong board confidence. Hancock's continued board role ensures continuity during the handover. This change supports PACS's scaling as a NYSE-listed platform operating over 320 facilities across 17 states.