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 […]
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 […]
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