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Omega Healthcare Inks Deal With CapitalSource To Buy $565 Mln Of Long Term Care Facilities - Quick Facts

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

Omega Healthcare Investors Inc. (OHI) said it has entered into a securities purchase agreement with CapitalSource Inc. (CSE) and several of its affiliates to purchase entities owning 80 long term care facilities for around $565 million. The company noted that the purchase price includes a purchase option to acquire entities owning an additional 63 facilities for about $295 million.

The option to acquire entities owning an additional 63 facilities is exercisable for cash consideration of $295.2 million by Omega at any time through December 31, 2011. The first closing is expected to occur on December 31, 2009, while the second closing is expected to occur on April 1, 2010 subject to the terms and conditions of the securities purchase agreement.

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Global Economics Weekly Update: April 13 – April 17, 2026

April 17, 2026 15:29 ET
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