Skilled nursing real estate investment trust (REIT) Omega Healthcare Investors, Inc. (NYSE: OHI) closed the books for the third quarter of 2017 in the red, reporting a net loss of $137.5 million, or 67 cents per common share. The Hunt Valley, Md.-based REIT’s relationship with troubled operator Orianna Health Systems was one major culprit, the […]
Diversicare and Omega Negotiate New Master Lease Omega Healthcare Investors (NYSE: OHI) entered into a new master lease with tenant Diversicare Healthcare Services, Inc. (Nasdaq: DVCR), locking in 35 properties for the next 12 years. The move will consolidate two separate leases currently shared between the Brentwood, Tenn.-based Diversicare and the Hunt Valley, Md.-based Omega: […]
Omega Healthcare Investors, Inc. (NYSE: OHI) on Tuesday announced the purchase of 15 skilled nursing facilities in Indiana, adding 2,074 SNF beds to the real estate investment trust’s (REIT) portfolio. The Hunt Valley, Md.-based Omega paid $190 million for the facilities from a pair of unrelated sellers, then leased the properties to a single existing […]
Conflicts between major real estate investment trusts (REITs) and their skilled nursing tenants have dominated industry headlines in recent weeks. Quality Care Properties (NYSE: QCP) continues to seek relief amid its primary tenant HCR ManorCare’s failure to pay rent, while shareholders of Sabra Healthcare REIT, Inc. (NASDAQ: SBRA) attempted to derail its acquisition of the SNF-heavy […]
If you haven’t been able to take your eyes off the Sabra Health Care REIT, Inc. (NASDAQ: SBRA)-Care Capital Properties, Inc. (NYSE: CCP) drama, here’s some other stories in the skilled nursing world that you may have missed over the last seven days. It was a big week of news from the Sunshine State: Non-profit […]
First things first: We here at Skilled Nursing News won’t say that Trumpcare has officially died — it’s been revived multiple times so far— but after months of hand-wringing and dire projections about Obamacare repeal’s effect on the skilled nursing industry, it finally looks as though the former president’s cornerstone legislative victory is here to […]
Omega Healthcare Investors, Inc. (NYSE: OHI) missed its estimated quarterly rental income, with top executives from the real estate investment trust (REIT) blaming two delinquent operators on its second-quarter earnings call Thursday morning. Omega reported rental income of $194 million for the second quarter of 2017, a figure that — while 4% higher than it recorded in the […]
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