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Nov 6, 2024
11:16:42am
shokupanmanbo All-American
Ouch
* PACS’ two co-founders, Jason Murray and Mark Hancock, paid themselves $194.5 million in dividends prior to the April 2024 IPO and have sold $656.5 million in stock since. They have also pledged a total of 19 million shares for margin loans, collectively cashing out an estimated $1 billion since the beginning of COVID.

* Co-founder Jason Murray claimed in a March interview that money isn’t a “big factor” in his life, saying: “… the best way I feel like I can spend my money is to give it away, honestly.”

* Since COVID, Murray and Hancock have embarked on a spending spree that has included purchasing 2 private jets, luxury and commercial real estate, and sponsorships of Utah’s most popular sports teams, despite PACS not operating facilities in the state.
shokupanmanbo
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shokupanmanbo
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