Omega closes $525M deal

Share this article:

Omega Healthcare Investors closed a $525 million deal to acquire 55 skilled nursing facilities.

One assisted living facility also was included in the sale/leaseback transaction with Ark Holding Company. The deal involved more than 5,700 beds, according to Omega. Most of the facilities involved are located in the Southeast. As of Sept. 30, Omega owned or held mortgages on 477 long-term care facilities in 33 states.

In connection with the deal, Ark merged with 4 West Holdings. The entity is now known as New Ark Investment Inc.


Share this article:
close

Next Article in News

More in News

NY nursing home agrees to $2.2 million settlement in case of false documentation

NY nursing home agrees to $2.2 million settlement ...

Nursing home operator Ralex Services Inc. has agreed to a $2.2 million settlement in a whistleblower case involving forged documents at a facility in New Rochelle, New York.

Common soaps could endanger healthcare workers, study finds

Healthcare facilities should consider replacing antibacterial soaps containing the chemical triclosan, University of California-San Francisco researchers assert in a recent Journal of Occupational and Environmental Medicine article. The conclusion echoes recently updated hand hygiene guidelines.

Mandatory staff hours, better high-acuity care could improve quality of life in ...

A nursing home's staffing patterns and admissions trends are among the most important factors driving residents' quality of life over time, according to recently published research findings.