Who depends on Medicaid
4 listed suppliers report Medicaid as a customer worth 10% or more of their revenue, led by PACS Group at 41%.
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Suppliers that depend on Medicaid
Listed companies whose annual report names Medicaid as a customer worth 10% or more of their revenue. If Medicaid cuts orders or switches supplier, these are the companies that feel it.
| Supplier | Its revenue from this company | Change vs prior year | History | Latest filing |
|---|---|---|---|---|
| PACS GroupPACS | 41% | from 40% | 3 years | FY 2025 · filed 27 Feb 2026 |
| Ensign GroupENSG | 40% | from 40% | 8 years | FY 2025 · filed 4 Feb 2026 |
| Aveanna Healthcare HoldingsAVAH | 23% | from 24% | 7 years | FY 2026 · filed 19 Mar 2026 |
| Pennant GroupPNTG | 13% | from 13% | 9 years | FY 2025 · filed 26 Feb 2026 |
Formerly disclosed
| Supplier | Its revenue from this company | Change vs prior year | History | Latest filing |
|---|---|---|---|---|
| Viemed HealthcareVMD | 2% | last FY 2023 | 5 years | FY 2023 · filed 6 Mar 2024 |
About this data
US-listed companies must disclose revenue from any single customer that reaches 10% of their total (ASC 280). ShadowGraph reads these disclosures from the XBRL data of every 10-K and 20-F we scan, keeps one value per fiscal year (restatements replace earlier values) and links each number to its filing. Companies that describe a customer only as "Customer A" are not listed by name. Figures are as reported; nothing here is investment advice.
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