Omega Healthcare Investors announced plans to acquire smaller MedEquities Realty Trust for $600 million.
With the move, Hunt Valley, MD-based Omega will add 34 facilities in seven different states to its portfolio. Nashville-based MedEquities had been shopping itself for a potential sale since last year.
“This acquisition reinforces our commitment to the skilled nursing and senior housing industry, while adding new asset types to our portfolio furthering our strategic objectives,” Omega CEO Taylor Pickett said in an announcement
From the February 01, 2019 Issue of McKnight's Long-Term Care News
