Dive Brief:

Pacs Group CFO Derick Apt resigned from his post last week at the request of the company’s board of the directors, following reports he improperly accepted gifts from individuals that do business with the company.

The nursing home company has named co-founder and Vice Chair Mark Hancock to interim CFO while they search for a permanent replacement, according to a Sept. 8 securities filing .

The CFO’s abrupt departure is the latest challenge for the company. In November, the New York Stock Exchange threatened to delist the company after it failed to file its quarterly reports in a timely manner.

Dive Insight:

Pacs Group, which operates more than 300 skilled nursing facilities across 17 states, says it uncovered Apt’s conduct during a larger investigation into its bi

See Full Page