PACS Group Announces New CFO#
SALT LAKE CITY - PACS Group, Inc. has appointed Carey P. Hendrickson as its new Chief Financial Officer (CFO). This decision was shared in a recent press release.
Extensive Experience in Financial Leadership#
Hendrickson comes to PACS with nearly 40 years of experience in financial leadership, particularly in healthcare and senior living sectors. Most recently, he served as CFO of U.S. Physical Therapy, Inc., where he oversaw financial operations, including accounting and investor relations. Notably, he negotiated a credit agreement that increased the company’s debt capacity and managed due diligence for over 20 acquisitions.
Previous Roles and Achievements#
Before his role at U.S. Physical Therapy, Hendrickson was the Executive Vice President and CFO at Capital Senior Living Corporation. In this position, he successfully negotiated an early exit from underperforming leases, which relieved the company of more than $250 million in future financial obligations.
Transition in Leadership#
Hendrickson takes over the CFO role from Mark Hancock, PACS’s co-founder and Executive Vice Chairman, who has been serving as interim CFO since September 2025. Hancock is set to retire from his executive role by June 30, 2026, but will continue to serve on the Board of Directors as Vice Chairman.
Educational Background#
Hendrickson holds a Bachelor of Business Administration in Accounting from Baylor University and an MBA in Finance from the University of Texas at Arlington. He is also a member of the Board of Regents at Baylor University.
PACS Group operates over 320 post-acute care and senior living facilities across 17 states, providing care to more than 31,700 patients daily.