PACS Group Comes with Transition Plan

On Thursday, PACS Group declared that Derick Apt will assume the role of the company’s new Chief Financial Officer. In addition to his CFO duties, Apt will continue to spearhead the company’s investment strategies.

Apt succeeds Mark Hancock, the CFO since co-founding PACS in 2013. Hancock will transition into the role of Executive Vice Chairman, staying involved in executive management and serving on the Board of Directors. Effective January 1, these changes signify PACS Group’s commitment to strategic leadership transitions.

PJ Sanford, a long-standing member of the company since its inception, has been appointed President of PACS Services, the division providing administrative support to affiliated healthcare facilities. Sanford’s tenure includes roles as the administrator of one of the company’s original facilities and executive management positions with a focus on PACS Services operations.

Apt joined PACS in 2018, initially serving as the VP of Finance and Treasury, and most recently as the Chief Investment Officer, overseeing cash and debt management, leading property and asset investments, and directing business acquisitions and divestitures. Before joining PACS, he held the position of Treasury and Finance Manager at Vivint Inc., and earlier in his career, he held roles in treasury departments at Intermountain Healthcare and Goldman Sachs.

Jason Murray, the CEO and co-founder of PACS, commended Apt for his instrumental role in the company’s growth and acquisition endeavors, emphasizing his forward-thinking investment strategies that have paved the way for future expansion.

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