PACS Group (NYSE: PACS) on Tuesday announced the acquisition of operations at 32 skilled nursing facilities across Florida, which will be leased from subsidiaries of Omega Healthcare Investors (NYSE: OHI). The 32 properties have a combined 4,049 licensed skilled nursing beds throughout the state, significantly expanding PACS’ reach in the South and complementing 71 existing […]
Omega Healthcare Investors
Omega Healthcare Investors (NYSE: OHI) acquired additional skilled nursing facilities during and after the second quarter, while also reshaping its operator portfolio through the transition of facilities from Ciena Healthcare to Saber Healthcare Group, executives said Thursday. Skilled nursing investment opportunities remain attractive for Omega, with executives saying that they expect a “material pick-up” in […]
A group of 18 communities worth $500 million and managed by CommuniCare are changing hands to a new owner, according to a new report from the Baltimore Business Journal. It’s one of the largest eldercare sales in the state in the past decade. The deal includes a sale of all 18 of CommuniCare’s nursing homes […]
By: Tim Regan, with contributions from Tim Mullaney Omega Healthcare Investors (NYSE: OHI), one of the largest owners of skilled nursing facilities in the United States, will soon have a new CEO and CFO. Current CEO Taylor Pickett is stepping down from his post on Oct. 1 and Matthew Gourmand is ascending to the CEO […]
Nursing home assets remain highly competitive, with investors viewing them as long-term opportunities driven by strong industry fundamentals, limited new supply and state-level regulatory barriers that support pricing power, according to executives at Omega Healthcare Investors (NYSE: OHI). Omega will continue to selectively invest in the space in 2026 even as the real estate investment […]
Omega Healthcare Investors (NYSE: OHI) is entering 2026 with few headwinds and strong earnings, bolstered by its Saber Healthcare joint venture, expected to become its largest revenue source. Executives also said the year could mark a historic milestone in the financial strength and reliability of its tenant operators. “Our momentum from 2025 should carry us […]
Nursing home dealmaking in 2025 was active but often contentious, notably with the ongoing sale of Genesis assets through December, following the company’s Chapter 11 bankruptcy announcement in July. The case has drawn scrutiny from lawmakers over private equity’s role in Genesis’ financial collapse, as the operator faces more than $2 billion in debt and […]
Executives at Omega Healthcare Investors (NYSE: OHI) said the company’s third quarter was marked by operational improvements and high occupancy, enabling the company to pursue additional investments, as they shared details on its latest $222.4 million joint venture with affiliates of Saber Healthcare. CEO Taylor Pickett lauded the Saber deal as one of a kind. […]
Having acquired the real estate of 18 facilities over a period of 18 months, Creative Solutions in Healthcare is moving forward with an accelerated growth strategy underpinned by HUD financing. “Since we’ve operated across most markets in Texas, we’ve built a deep understanding of where we perform the best, both urban and rural,” Chris Eamiguel, […]
PACS Group (NYSE: PACS) is seeking a new chief financial officer following the resignation of Derick Apt. This marks a C-suite change for one of the nation’s largest nursing home companies, as independent subsidiaries of PACS operate more than 300 post-acute and senior living facilities across the country. Apt tendered his resignation at the request […]
By Kristin Carroll This roundup of skilled nursing deals includes a mix of action from REITs, the recapitalization of a 13-property portfolio, and a pre-seed funding round for an AI platform. Read on to learn more. Capital Funding Group Closes $50.3M Delayed Draw Bridge-HUD Loan Healthcare and multifamily lender Capital Funding Group (CFG) announced the […]
One of the nation’s largest nursing home companies, PACS (NYSE: PACS), has entered into a forbearance agreement with lenders as well as landlord Omega Healthcare Investors (NYSE: OHI), and is also undergoing a change in executive leadership. Effective as of Aug. 15, P.J. Sanford exited as PACS’ president, the company announced in a filing with […]
Omega Healthcare Investors (NYSE:OHI) announced on Tuesday that its tenant LaVie Care Centers has completed its bankruptcy proceedings effective June 1, and the Omega-LaVie master lease has been assigned to a new entity called Avardis. “Monthly contractual rent amounts under the Avardis lease remain the same as the legacy LaVie master lease,” Omega noted during […]
An unnamed tenant has decided not to renew its lease with real estate investment trust (REIT) LTC Properties (NYSE: LTC) for seven skilled nursing facilities that are currently part of LTC’s assets. LTC leaders said they are continuing with the sale process for the properties, and remain committed to replacing at least $8.3 million in […]
Deals in the U.K. continued to be a large driver of investment activity in 2025 for Omega Healthcare Investors (NYSE: OHI), with a $344 million April investment of a 45-care home portfolio in the U.K. and Jersey, closing after the first financial quarter’s end. Care homes in the U.K. are essentially nursing homes, but can […]
Executives at Omega Healthcare Investors (NYSE: OHI), which posted better-than-expected fourth-quarter results, foresee more positive developments ahead, given the Trump administration’s favorable stance toward the nursing home sector and the potential Medicaid cuts being considered by Republican lawmakers as largely a non-issue. “Coverages are the strongest they have been in years, which is reflective of […]
It’s no surprise that the Biden administration’s minimum staffing mandate was the source of Skilled Nursing News’ most-read story of 2024. From the proposal stage to its final form, our stories on the staffing mandate covered all aspects of its requirements as well as the legal and legislative challenges against it. Our stories about the […]
A U.S. Bankruptcy Court approved the sale of eight of Guardian Healthcare’s nursing facilities to GBK Eight LLC on Wednesday. This follows Guardian’s completion of the transfer of operations at 11 skilled nursing facilities to Oxford Valley Health on Tuesday. “All the facilities remain open and are focused on delivering quality care, ensuring the health […]
Omega Healthcare Investors (NYSE: OHI) executives remained optimistic about occupancy growth, although ongoing staffing pressures at partner nursing homes in certain states contributed to bottlenecks at hospitals. The Maryland-based real estate investment trust (REIT) reported a strong third quarter, with executives touting a strong investment pipeline amid a flurry of dealmaking for the sector at […]
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 […]
Subscribe
Receive industry updates and breaking news from SNN.