PACS Group, Inc. Co-Founder and CFO Mark Hancock to Retire

Mark Hancock co founded PACS Group, Inc. in 2013 with Jason Murray, starting with just two post acute care facilities in San Diego. As CFO, he helped grow the company to 323 facilities across 17 states, serving more than 31,700 patients daily, and reaching $5.29 billion in revenue in 2025, a 29.3% increase from the previous year.

Mark Hancock will retire from his executive role on June 30, 2026, but will remain on PACS Group, Inc.’s Board of Directors as Vice Chairman, continuing to help guide the company.

Mark Hancock will be succeeded by Carey P. Hendrickson, who was named Chief Financial Officer of PACS Group, Inc. on April 27, 2026. Hendrickson brings nearly 40 years of financial leadership experience across healthcare, senior living, and media, and both leaders share a strong commitment to improving the delivery, leadership, and quality of post-acute care nationwide.

In addition to his many achievements, Mark Hancock is known for carefully managing PACS Group, Inc.’s finances and long term strategy, helping the company complete its successful IPO on the New York Stock Exchange in April 2024. After the IPO he remained a key leader and even stepped in as Interim CFO in September 2025 to provide stability during a critical period.

Read More:PACS Group, Inc. Appoints Carey P. Hendrickson as Chief Financial Officer

“Carey’s experience leading finance functions across multiple public healthcare companies gives him a perspective that’s both broad and deeply relevant to what we do every day at PACS,” said Mr. Hancock. “I’m proud of what we’ve built, and I’m confident that Carey will be an extraordinary partner to the leadership team and a tremendous asset to the company and our industry. I look forward to watching PACS continue to grow from my seat on the Board.”

“Mark is the definition of a founding leader,” said Mr. Murray. “He was there at the very beginning, when PACS was two buildings and a belief that post acute care could be done better. What PACS has become is a direct reflection of his vision, discipline and extraordinary commitment. While this marks a transition from his day to day role, we are incredibly fortunate that Mark will continue to shape the future of PACS as Vice Chairman of the Board. His voice, perspective, and leadership will remain invaluable as we move forward.”

"Jason Murray, Chairman and CEO of PACS Group, Inc., said that when he and Mark Hancock first started the company 13 years ago, their goal was to build something that would last beyond them. He said Hancock played a key role in shaping that vision by helping create a strong culture, developing future leaders, and setting high standards in post-acute care that continue to influence the industry today."

"Murray also shared that Hancock has been an important partner throughout the company’s journey, helping grow PACS at every stage. He described him as a trusted leader, partner and friend, adding that while Hancock’s role is changing, the impact he made and the standards he set will continue to guide the company for years to come."

About PACS Group, Inc

Founded in 2013 by Jason Murray and Mark Hancock, PACS Group, Inc. is one of the largest post acute healthcare platforms in the United States. Based in Salt Lake City Utah, the company supports post acute care facilities, professionals, and related services. Its independent subsidiaries operate more than 320 facilities across 17 states, serving over 31,700 patients each day, with a mission to improve the delivery, leadership and quality of post acute care nationwide.

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