Back to All Events

Omega Healthcare Investors to buy Tennessee REIT in $600 million deal

Business Journal: Omega Healthcare Investors Inc. (NYSE: OHI) is expanding its portfolio of nursing and senior homes with the $600 million acquisition of a Tennessee real estate investment trust. Omega will acquire 34 facilities managed by 11 operators in 7 states and approximately $34 million in mortgage loans. Omega will gain nine new operators and increase its non-skilled nursing assets by $296 million. MedEquities stockholders will need to vote on the deal, which has already been approved by both companies boards.