LOGO
LOGO

CapitalSource Inc. Closes Sale Of 40 Long-term Care Facilities To Omega Health Care Investors Inc. - Quick Facts

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

CapitalSource Inc. (CSE) said it completed the sale of 40 long-term care facilities to Health Care Investors Inc. (OHI), as per the terms of the previously announced Securities Purchase Agreement between the parties. In this closing, CapitalSource received net proceeds from Omega of $234.8 million, consisting of $184.2 million in cash; and 2.71 million shares of Omega common stock. Additionally, Omega assumed $59.4 million of debt associated with the 40 properties purchased. Included in the purchase price was $25 million for an option which can be exercised by Omega to acquire 63 additional long-term care facilities at any time through December 31, 2011. CapitalSource expects step two of the transaction for an additional 40 long-term care facilities to close on or about April 1, 2010.

For comments and feedback contact: editorial@rttnews.com

Global Economics Weekly Update - Jun 01 - Jun 05, 2026

June 05, 2026 16:18 ET
A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.