Wednesday, January 2, 2019

Omega Healthcare Investors to buy Tennessee REIT in $600 million deal

Omega Healthcare Investors Inc. is expanding its portfolio of nursing and senior homes with the $600 million acquisition of a Tennessee real estate investment trust. Hunt Valley-based Omega plans to buy MedEquities Realty Trust Inc. in a cash-and-stock deal expected to close in the first half of the year. MedEquities stockholders are slated to receive 0.235 Omega shares plus $2 in cash for each of their shares. The deal values MedEquities at $10.26 per share based on the $35.15 closing price for…



from https://www.bizjournals.com/baltimore/news/2019/01/02/omega-healthcare-investors-to-buy-tennessee-reit.html?ana=RSS&s=article_search
via http://baltimorecheckbook.tumblr.com/post/181648880942

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