Early Life
Mark Hancock was born in 1976 and is 50 years old. He holds a Bachelor of Science in Engineering and an MBA from Brigham Young University. Before his career in the healthcare industry, Hancock worked for Fortune 500 companies in the auto and steel industries, and as treasurer for a financial services company.
Rise to Success
Hancock co-founded PACS Group with Jason Murray in 2013. They took the company public on the New York Stock Exchange in 2024. PACS Group started with two skilled nursing facilities and has since expanded to 323 facilities in 17 states. Hancock and Murray initially owned 50% of PACS Group before the IPO. Hancock currently owns nearly 35% of the company's shares.
Key Business Strategies
Key to Hancock's success has been the strategic expansion of PACS Group in the post-acute care market. PACS Group invests in various areas, including post-acute care professionals and ancillary services. In 2024, Hancock's private investment firm, PV3, acquired ENVE Composites, a Utah-based bicycle manufacturer.
Philanthropy
When not focused on the skilled nursing industry, Mark enjoys spending time with his family, volunteering for his church, and expanding humanitarian efforts through his family's charitable foundation.