PACS Group stock rises on Florida expansion, Eduro closings

PACS stock rose 3.3% premarket after announcing two growth initiatives: acquiring 32 Florida nursing facilities and closing 11 more from the Eduro Healthcare deal, expanding its network to 355 buildings. The company's stock has recovered from a 52-week low of $7.50, now trading at $43.52. PACS's low leverage and favorable Medicare reimbursements support its growth strategy.

PACS Group, Inc. (PACS) filed an SEC Form 8-K — Results of Operations and Financial Condition. PACS Group, Inc. Reports Second Quarter 2026 Results Conference Call and Webcast Scheduled for Tomorrow, August 5, 2026, at 11:30 am ET. SALT LAKE CITY, Utah, August 4, 2026 – PACS Group, Inc. (NYSE: PACS) (“PACS” or the “Company”), which together with its subsidiaries is one of

Shearwater Group said it secured a five-year £25m contract extension with a UK telecoms client, covering packet monitoring and forensic services. £12.5m is to be recognised in 2025-26, but cash is expected after year end; net cash is forecast at £5.6m and pre-tax profit at £1.1m. Shares rose 17.6% to 43.5p. Polar Capital and Supreme also moved on results.

GE Aerospace (NYSE: GE) plans to acquire Consolidated Precision Products for $12 billion, its largest deal since becoming independent. The target, owned by private equity firms, specializes in aerospace castings. GE expects the deal to be immediately accretive to earnings, using cash and debt financing. The acquisition aims to improve operational efficiencies and expand capacity, according to the company.

Goldman Sachs (GS) is in talks to acquire Palmer Square Capital Management, a credit-focused asset manager with $37B in assets. The deal aligns with Goldman's strategy to expand its credit and alternatives businesses, aiming for $300B in credit-alternatives assets by 2028. Goldman's asset-management revenue grew to $3.38B in Q2 2023, up from $2.84B a year earlier. The acquisition could help Goldman cross-sell credit products and build fee-based revenue, but the price could impact returns.

Vertiv Holdings agreed to acquire King Environmental Services (KES), a Europe-based provider of fluid management and testing services for data centers. The deal, expected to close in Q4 2026, expands Vertiv's thermal management capabilities in EMEA, supporting its strategy for AI and high-density infrastructure. KES's expertise in fluid management and load-testing complements Vertiv's existing North American operations.