Utah-based PACS Group on Thursday announced Derick Apt is its new chief financial officer, succeeding Mark Hancock, who held that position since co-founding the post-acute ownership group in 2013.
Hancock has moved into a new role of executive vice chairman. Both changes were effective Jan. 1.
“Mark has helped lead PACS from a two-facility organization, to becoming one of the largest skilled nursing companies in the country, with over 200 facilities in nine states,” said Jason Murray, CEO and co-founder of PACS. “As my business partner for the past decade he’s shown incredible leadership in building our company’s financial foundation, navigating economic challenges and a global pandemic that hit our industry particularly hard.
The company has quickly become one of the largest for-profit skilled nursing providers in the US. PACS affiliates operate 218 facilities, with more than 32,000 employees in nine states, serving more than 20,000 patients and residents daily.
Murray said Apt had helped lead that growth through acquisition efforts over the last several years.
Apt joined PACS in 2018 as vice president of finance and treasury and later become chief investment officer, overseeing cash and debt management, leading property and asset investments, and directing business acquisitions and divestures.
Prior to PACS, he was the treasury and finance manager at Vivint and held positions at Intermountain Healthcare and Goldman Sachs. Apt has a bachelor’s degree in biological engineering from the University of Missouri, and an MBA with an emphasis in international banking from the George Washington University.
