Omega Healthcare Investors (NYSE: OHI) posted a solid second quarter, reflecting continued stability and aggressive expansion in its investments. “The fundamentals of the business continue to improve,” Megan Krull, Senior Vice President of Operations, said during the company’s quarterly conference call. “While not at pre-pandemic levels, occupancy has stabilized, and the recovery, from a coverage […]
Omega Healthcare Investors
LeadingAge joins a slew of other nursing home industry voices in urging a multi-faceted strategy following the finalization of the federal minimum staffing rule a month ago. The advocacy group is pursuing legislative, legal and regulatory avenues to stop the mandate and build the workforce. Katie Smith Sloan, president and CEO of LeadingAge, said, “We […]
A legal settlement reached by Omega Healthcare Investors Inc. (NYSE: OHI), if finalized, will change some of the real estate investment trust’s corporate governance policies and practices related to diversity, equity, inclusion and belonging, the company announced Monday. Omega’s insurance company will also pay $850,000 in attorney fees and expenses, while a court hearing scheduled […]
Margins squeezed by interest rates and inflation, staffing shortages amid a draconian staffing mandate proposal, an invasion of Medicare Advantage and mixed efforts at adapting to Minimum Data Set (MDS) changes are among a litany of the challenges facing the skilled nursing sector at the start of 2024. However, all is not doom and gloom […]
While occupancy levels for skilled nursing facilities continue to slowly tick up and reimbursement trends are positive, the labor market is still seeing a high use of temporary staff – agency workers and travel nurses alike. Demand has increased pay for such staff year over year, but it’s still low for SNF nurses compared to […]
Omega Healthcare Investors’ (NYSE: OHI) robust financial results for the second quarter rested on better occupancy levels, higher state reimbursements and improvements in the labor market even though use of agency workers still remains high, company executives said on Thursday. During its second quarter conference call, the Maryland-based real estate investment trust (REIT) also reported […]
Following its first quarter earnings release, executives at Omega Healthcare Investors Inc. (NYSE: OHI) said Wednesday that new investments along with restructuring of existing deals will result in gains. This is in part due to rent deferrals ending on some of Omega’s properties and operating trends continuing to improve for the sector, company leaders said […]
In announcing its first quarter earnings results, Omega Healthcare Investors Inc. (NYSE: OHI) said Tuesday that it completed $233 million in new investments so far in the second quarter of 2023. These new investments include Omega’s acquisition on April 14 of four skilled nursing facilities (SNFs) in West Virginia for $114.8 million, which it leased […]
To build relationships that can weather hurdles and succeed in a “new era” for nursing homes, owners and operators should focus on how they can drive mutual growth over time, through symbiotic, creative deals generating long-term value. That’s according to executives with Omega Healthcare Investors (NYSE: OHI) and Providence Administrative Consulting Services (PACS), who spoke […]
Skilled nursing headwinds are continuing to buffet Omega Healthcare Investors (NYSE: OHI), as the real estate investment trust continues restructuring efforts. But leaders at the REIT are cautiously optimistic about what lies ahead. Analysts with Stifel shared that optimism, based on Omega’s Q4 2022 earnings results. “We believe the numbers are essentially bottoming, and that […]
Omega Healthcare Investors Inc. (NYSE: OHI) on Monday announced some transaction and rent deferral updates regarding two skilled nursing operators, one in the U.S. and one in the U.K. The Maryland-based real estate investment trust (REIT) said it sold 11 of its LaVie Care Center properties to an unnamed third party for $129.8 million, also […]
Omega affiliate makes $11.5 million deal OHI Asset Management, an affiliate of Omega Healthcare Investors Inc. (NYSE: OHI), has purchased the Alston Brook long-term care and rehabilitation facility from Golden Age of Lexington Inc. for $11.15 million. The facility is located in Lexington, North Carolina, where Omega owns two other facilities. Omega owns 39 facilities […]
Nursing home sector leaders and financial backers are basing their future plans heavily on Medicaid rate increases seen across the country, as some states meet the moment with substantial increases to combat inflationary pressures and staffing costs. Others, meanwhile, haven’t increased rates in a meaningful way and have not kept pace with increased costs that […]
TSOLife completed a $9 million Series A funding round for its AI-based business intelligence platform that translates and transcribes resident interviews and converts the information into consumable data. Data dashboards can be utilized by skilled nursing staff to look for actionable trends and insights. “TSO is the tip of the spear in gathering social insights […]
A lot of temporary measures will dry up or disappear when the public health emergency (PHE) comes to an end, but one thing that may become permanent is the Medicaid rate bumps states put in place to alleviate pressures nursing home operators face. At least that’s the hope for industry leaders and advocacy groups. Right […]
As the nursing home industry continues to work its way through ongoing workforce and occupancy challenges, one of the nation’s largest owners of skilled nursing facilities is keeping a close eye on how states are extending or making permanent the Medicaid funding boosts tied to the Covid-19 public health emergency (PHE). The Omega Healthcare Investors […]
A judge approved Gulf Coast Health Care’s modified Chapter 11 liquidation plan this week. This was the second amended joint plan the company submitted after the first one was rejected. The original plan was reportedly rejected for not meeting its burden to sign away creditors’ claims against third parties. The new plan provides at least […]
Gulf Coast Health Care is one step closer to getting its liquidation plan signed off by a judge after the bankrupt nursing home chain indicated it had agreed to increase recoveries for unsecured creditors. Gulf Coast’s original plan was rejected by a judge “for not meeting its burden to sign away creditors’ claims against third […]
The post-acute care market is in crisis. The average facility is losing anywhere from $2,300 to nearly $5,900 per day, depending on location, due to staffing challenges, a study conducted by global management consultant Oliver Wyman shows. There are simply not enough nurses and nursing assistants available to fully staff post-acute settings to the level […]
Real estate investment trusts (REITs) owned about 12% of all skilled nursing assets as of 2021, equating to about 1,870 facilities. That’s according to a research letter published in JAMA Health. Researchers also examined REIT ownership trends of hospitals and other health care properties. The data comes at a time when the Biden administration and […]
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