Although post-acute care (PAC) providers and operators all share a mission to treat patients discharged from a hospital, the PAC industry is diverse, and different service types navigate distinct headwinds and tailwinds. Facility-based care and home-based care overlap, but the market forces shaping those verticals differ, for instance. These distinctions and trends are important for investors and M&A advisors looking to enter the space to consider, and this whitepaper aims to serve as a resource in that process.