PACS Group Appoints Carey P. Hendrickson as Chief Financial Officer, Marking New Phase of Financial Leadership
PACS Group, a leading and rapidly expanding post-acute healthcare platform in the United States, has announced the appointment of Carey P. Hendrickson as its new Chief Financial Officer, effective April 27, 2026. With a distinguished career spanning nearly four decades, Hendrickson brings extensive experience in financial leadership across public companies in healthcare, senior living, and media sectors.
His appointment represents a strategic step forward for PACS Group as it continues to grow its national presence and strengthen its operational and clinical leadership in the post-acute care industry. Known for his disciplined financial approach, strategic insight, and ability to build high-performing teams, Hendrickson is expected to play a key role in guiding the company through its next phase of expansion.
Hendrickson succeeds Mark Hancock, PACS co-founder and Executive Vice Chairman, who has been serving as interim CFO since September 2025. Hancock will retire from his executive role by June 30, 2026, while continuing to contribute to the company as Vice Chairman of the Board of Directors.
Jason Murray, Chairman and CEO of PACS Group, expressed strong confidence in the new appointment, emphasizing Hendrickson’s proven track record in managing complex healthcare financial environments. He highlighted Hendrickson’s ability to navigate varying market conditions and establish robust financial systems that support sustainable growth. Murray also acknowledged Hancock’s foundational contributions to PACS since its inception in 2013, noting that his continued involvement at the board level will remain valuable.
Before joining PACS, Hendrickson most recently served as Chief Financial Officer of U.S. Physical Therapy, Inc., where he oversaw comprehensive financial operations for a nationwide network of outpatient clinics. His responsibilities included accounting, financial planning, SEC reporting, treasury, investor relations, revenue cycle management, and human resources. During his tenure, he successfully negotiated a new credit agreement that expanded financial flexibility and supported growth initiatives. He also played a central role in executing and integrating more than 20 acquisitions.
Earlier in his career, Hendrickson served as Executive Vice President and CFO of Capital Senior Living Corporation, where he gained significant experience in the highly regulated senior care environment. His leadership contributed to major financial improvements, including renegotiating lease obligations that reduced long-term liabilities by over $250 million and managing financial integration across a diverse, multi-state portfolio of senior living communities.
In his remarks, Hendrickson praised PACS Group for its strong organizational culture and commitment to delivering high-quality care. He noted that building and maintaining clinical excellence at scale is a complex challenge, and expressed enthusiasm about contributing to the company’s ongoing success. Drawing from his extensive experience in healthcare and senior care, he emphasized his readiness to support PACS’ mission and long-term growth strategy.
Mark Hancock also expressed confidence in Hendrickson’s leadership, highlighting his broad experience across public healthcare organizations and his ability to manage complex financial operations. Hancock stated that Hendrickson stood out throughout the CFO selection process and will be a valuable partner to the executive leadership team.
Murray further underscored Hendrickson’s reputation for integrity, transparency, and consistent execution. He noted that Hendrickson’s deep understanding of senior and post-acute care, combined with his experience in mergers and acquisitions, aligns closely with PACS’ patient population and operational model. According to Murray, Hendrickson’s leadership arrives at a critical moment as the company continues to scale and requires strong financial stewardship to sustain its growth trajectory.
With this leadership transition, PACS Group reinforces its commitment to strengthening its financial foundation while continuing to expand its footprint in the post-acute healthcare sector. Hendrickson’s appointment signals the company’s focus on disciplined growth, operational excellence, and long-term value creation for patients, partners, and stakeholders alike.
About PACS Group, Inc.
PACS Group, Inc. (NYSE: PACS) is one of the largest post-acute healthcare platforms in the United States. Founded in 2013 and headquartered in Salt Lake City, Utah, PACS and its independent operating subsidiaries invest in and support post-acute care facilities, professionals, and ancillary services. The company’s independent subsidiaries operate more than 320 post-acute care and senior living facilities across 17 states, serving more than 31,700 patients daily. PACS’s mission is to revolutionize the delivery, leadership, and quality of post-acute care nationally
About Carey P. Hendrickson
Carey P. Hendrickson is an accomplished public company CFO with nearly four decades of financial leadership experience. He most recently served as Chief Financial Officer of U.S. Physical Therapy, Inc. (NYSE: USPH), and previously as Executive Vice President and Chief Financial Officer of Capital Senior Living Corporation (NYSE: CSU, now Sonida Senior Living, NYSE: SNDA), and as Senior Vice President, Chief Financial Officer and Treasurer of Belo Corp. (NYSE: BLC). Mr. Hendrickson serves on the Board of Regents of Baylor University, including as Vice Chair of the Audit, Compliance and Risk Management Committee, and as Chairman of the Board of Advisors for Baylor’s School of Music. He holds a BBA in Accounting, cum laude, from Baylor University and an MBA in Finance, with honors, from the University of Texas at Arlington.
