Billionaire Profile
Mark Hancock
Global Rank
#2933

Image: Public domain | via Wikimedia Commons

Mark Hancock

CEO, PACS Group
US
Real-Time Net Worth
$2.1B
As of December 2025
Age
50
Source
Nursing facilities
Industry
healthcare
Citizenship
US

Biography

Mark Hancock is the co-founder and Executive Vice Chairman of PACS Group, a company that operates skilled nursing facilities. With an estimated net worth of $2.1 billion, Hancock's wealth stems primarily from his involvement in the healthcare industry. His career includes experience in finance, having worked for Fortune 500 companies and as a treasurer for a financial services firm. Hancock co-founded PACS Group in 2013, taking the company public in 2024. He holds degrees from Brigham Young University and was named a 2023 Mountain West Entrepreneur of the Year.

Wealth Over Time

In-Depth Profile

Early Life

Mark Hancock was born in 1975 and holds a Bachelor of Science in Engineering and a Master of Business Administration from Brigham Young University. Before PACS Group, he gained experience in various roles, including an analyst at Ford, a director at a steel company, and treasurer of a financial services firm.

Rise to Success

In 2013, Mark Hancock co-founded PACS Group with Jason Murray. The company began with two skilled nursing facilities and expanded to 315 facilities across 17 states in the U.S.. PACS Group went public on the New York Stock Exchange in 2024. Before the IPO, Hancock and Murray each owned 50% of PACS Group; Hancock currently owns nearly 35% of the company's shares. He was named a 2023 Mountain West Entrepreneur of the Year by Ernst & Young.

Key Business Strategies

PACS Group focuses on investing in the continuum of post-acute care. This includes post-acute care professionals and ancillary services. Hancock has over 20 years of experience in finance and previously worked as a licensed nursing home administrator.

Philanthropy

Mark Hancock, when not focused on the skilled nursing industry, enjoys spending time with his family and volunteering for his church, and expanding humanitarian efforts through his family's charitable foundation.

Career Milestones

2013

Cofounded PACS Group

Co-founded PACS Group with Jason Murray, a firm that operates skilled nursing facilities.

2024

PACS Group went Public

Took the company public on the New York Stock Exchange.

2023

Mountain West Entrepreneur of the Year

Named Mountain West Entrepreneur of the Year by Ernst & Young.

Philanthropy & Social Impact

Humanitarian

Family Charitable Foundation

Undisclosed

Expanding humanitarian efforts through his family's charitable foundation.