
FARMINGTON, Utah--(BUSINESS WIRE)--Nov 26, 2024-- PACS Group, Inc. (NYSE: PACS) (“PACS” or the “Company”), today announced that on November 20, 2024 it received a written Filing Delinquency Notification (the “Notification”) from the New York Stock Exchange (“NYSE”) stating that the Company is not in compliance with Section 802.01E of the NYSE Listed Company Manual, Annual and Quarterly Report Timely Filing Criteria (the “Timely Filing Criteria”), due to the delayed filing of its Quarterly Report on Form 10-Q for the quarter ended September 30, 2024. The Company was unable to timely file its Form 10-Q due to the ongoing Audit Committee investigation of recent third-party allegations. Pursuant to the Notification, the Company has an initial six month period, from November 19, 2024, to file the Form 10-Q and regain compliance with the Timely Filing Criteria. The Company currently anticipates filing the Form 10-Q and regaining compliance with the Timely Filing Criteria within the initial six month period. About PACS Group PACS Group, Inc. is a holding company investing in post-acute healthcare facilities, professionals, and ancillary services. Founded in 2013, PACS Group is one of the largest post-acute platforms in the United States. Its independent subsidiaries operate over 284 post-acute care facilities across 16 states serving more than 27,000 patients daily. Forward-Looking Statements This press release contains, and other communications of the Company may contain, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements often use words such as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “project,” “outlook,” “forecast,” “target,” “trend,” “plan,” “goal,” or other words of comparable meaning or future-tense or conditional verbs such as “may,” “will,” “should,” “would,” or “could.” Statements concerning the Company’s future are forward-looking statements, and are based on management’s current expectations, assumptions and beliefs about the Company’s business, financial performance, operating results, the industry in which the Company operates and possible future events. These statements include, but are not limited to, statements regarding the Company’s expectations regarding the timing of the ongoing investigation and the timing of and its ability to make the Company’s Form 10-Q filing. Forward-looking statements convey the Company’s expectations, intentions, or forecasts about future events, circumstances, results, or aspirations. Forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions, which may change over time and many of which are beyond the Company’s control, and that could cause the Company’s actual results to materially and adversely differ from those expressed in any forward-looking statement, including the outcome of any ongoing government or internal investigations, risks associated with litigation, and the other risks described in the Company’s Quarterly Report on Form 10-Q for the three months ended June 30, 2024 and other filings with the Securities and Exchange Commission. These documents are available in the Investor Relations section of the Company’s website at www.pacs.com (information on the website is not incorporated by reference into this press release and should not be considered part of this document). You should not place undue reliance on forward-looking statements. The information in this press release is provided as of today’s date only, and, except as required by federal securities law, we do not undertake to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changing circumstances or for any other reason after today. View source version on businesswire.com : https://www.businesswire.com/news/home/20241126341034/en/ CONTACT: Investors:IR@pacs.com Media: Brooks Stevenson VP Corporate Communication 262 N. University Avenue Farmington, UT 84025 T: 385-988-3596 brooks.stevenson@pacs.com https://www.pacs.com https://ir.pacs.com KEYWORD: UNITED STATES NORTH AMERICA UTAH INDUSTRY KEYWORD: FINANCE HOSPITALS HEALTH PROFESSIONAL SERVICES PRACTICE MANAGEMENT SOURCE: PACS Group, Inc. Copyright Business Wire 2024. PUB: 11/26/2024 04:30 PM/DISC: 11/26/2024 04:33 PM http://www.businesswire.com/news/home/20241126341034/en
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NoneNoneThe ( ) share price has had a tough 2024 and looked too cheap to me to resist. So I bought the oil and gas giant in September and November at what I thought was a bargain valuation of less than six times earnings. I’m down 7.7% so far but given that I aim to hold the stock , these are early days. Long-term BP investors will have had it tougher, with the shares down 18.93% over 12 months. The trailing yield of 5.95% will only partially offset that loss. The obvious culprit is the oil price, with Brent crude falling 6.36% in 2024 to $71.04 a barrel. Can this FTSE 100 stock rally hard next year? BP is more than just an oil producer, but its shares still correlate closely with energy prices. We saw that during the 2022 energy shock when they rocketed. Where oil goes next is anyone’s guess. There are so many variables at play. US President-elect Donald Trump has pledged to ramp up shale production next year. By boosting supply, Trump could drive the price lower. Although if he gets the US economy motoring again, this could drive up demand. But a trade war could drive it back down. Trump has pledged to bring peace to Ukraine. If he manages that, Russian oil and gas could flow into Europe again, driving down prices. But what if he doesn’t? Then there’s Saudi Arabia. In September, there were rumours that it would open the spigots to recover lost market share, driving prices even lower. Yet last week, OPEC+ delayed the beginning of its production increase and slowed the pace of the output hikes. I’ve just read on that natural gas prices are set to surge this winter . And I haven’t even mentioned the green transition. Will the shift to renewables smash fossil fuel prices? Or will falling oil and gas prices smash renewables? That’s a biggie for BP in particular, as it rows back on its ‘Beyond Petroleum’ strategy, and returns to familiar fossils territory. It’s all too much for my little brain. So what do the experts say? On Friday (6 December), predicted Brent crude would average $70 a barrel in the second half of 2025. If correct, that won’t light a fire under the BP share price. Yet the 26 analysts who offer one-year share price forecasts are optimistic. They’ve set a median target of 505.8p, up 34.25% from today. That seems optimistic but I hope they’re right. Of these, 11 call it a Strong Buy, four name it a Buy while 14 say Hold. Only one says Sell. I can justify my decision to purchase BP . I didn’t hold any energy stocks. Plus its shares were dirt cheap. And the dividend is high and rising. Next year it’s forecast to hit 6.3%, covered exactly twice by earnings. Personally, I don’t know where BP shares will go in 2025. Nobody does. But given the low valuation and high yield, I’m happy to go along for the ride.
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AgroLiquid to Acquire Montyʼs Plant Food Company, Expanding Innovation in Agricultural Crop NutritionSaka second only to Salah: 8 things you might have missed from Champions League GW6BERLIN (AP) — Harry Kane scored a hat trick including two penalties for Bayern Munich to beat Augsburg 3-0 in the Bundesliga on Friday. The win stretched Bayern’s lead to eight points ahead of the rest of the 11th round, and Kane took his goals tally to a league-leading 14. The England forward is the fastest player to reach 50 goals in the Bundesliga in what was his 43rd game. However, coach Vincent Kompany should be concerned by his team’s ongoing difficulty of scoring in matches it dominates. Bayern previously defeated St. Pauli and Benfica only 1-0. Kompany’s team had to wait until stoppage time before Kane sealed the result with his second penalty. Two minutes later, Kane scored with a header after controlling Leon Goretzka's cross with his first touch for a flattering scoreline. “We had to be patient,” Kane said. “And at halftime that’s what we said, to keep doing what we’re doing. We had a few chances in the first half and we just had to be a bit more clinical and obviously, thankfully, we got the penalty to kind of open the game up.” Mads Pedersen was penalized for handball following a VAR review and Kane duly broke the deadlock in the 63rd. Bayern continued as before with 80% possession, but had to wait for Keven Schlotterbeck to be penalized through VAR for a foul on Kane. Kane sealed the result in the third minute of stoppage time and there was still time for him to grab another. It’s Bayern’s seventh consecutive win without conceding a goal since it conceded four at Barcelona (4-1) on Oct. 23 in the Champions League. “You can see now that we have a solid defense and that's the basis, also in games like today's,” Bayern midfielder Joshua Kimmich said. “When it's a game of patience, then it's important for us to know that sometimes one goal will have to do. Like today we added two more before the finish, but in the end you only need to score one more than the opponent.” Bayern next hosts Paris Saint-Germain in the Champions League on Tuesday, then Borussia Dortmund away in the Bundesliga next weekend, before defending champion Bayer Leverkusen visits in the third round of the German Cup. AP soccer: https://apnews.com/hub/soccer