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May 20, 2019 Comments Off on Omega Healthcare Acquires MedEquities in $600M Deal Views: 1001 Maryland, National News, Northeast

Omega Healthcare Acquires MedEquities in $600M Deal

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Hunt Valley, MD-based Omega Healthcare Investors, Inc. completed the acquisition of all of the outstanding shares of MedEquities in a deal valued at roughly $600 million. The acquisition further diversifies Omega’s assets and operators.

Omega says the deal solidifies its position as the premier publicly-traded REIT focused principally on skilled nursing facilities (SNFs). It adds a diversified portfolio of investments, including 34 properties located in seven states and operated by 11 different operators.

Omega’s Taylor Pickett says, “We are even more excited by this transaction today than when we announced it a few months ago. We’ve had an opportunity to speak with each of the operators, and we look forward to working with them and potentially expanding our relationships.”

*Pictured Baylor Scott & White Medical Center, Lakeway, TX

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