Mark Hancock
$2.1B
Born
May 01, 1975
Age
50
Source of Wealth
Nursing facilities
Residence
Mountain Green, Utah
Citizenship
United States
Marital Status
Married
Children
0
Education
Bachelor of Science in Engineering, Brigham Young University; Master of Business Administration, Brigham Young University
- Mark Hancock is the cofounder and executive vice chairman of Utah-based PACS Group, a publicly traded firm that operates skilled nursing facilities.
- He cofounded PACS Group with fellow billionaire Jason Murray in 2013 and the pair 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 315 facilities in 17 states in the U.S.
- Hancock and Murray each owned 50% of PACS Group before the IPO; Hancock now owns nearly 35% of the company's shares.
- Before starting PACS, Hancock worked as an analyst at Ford, as a director at a steel company and as treasurer of a financial services firm.
- In 2024, Hancock's private investment firm PV3 acquired Utah-based bicycle manufacturer ENVE Composites for $20 million.
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