Skilled Nursing News October 31, 2024
Omega Healthcare Investors (NYSE: OHI) executives remained optimistic about occupancy growth, although ongoing staffing pressures at partner nursing homes in certain states contributed to bottlenecks at hospitals.
The Maryland-based real estate investment trust (REIT) reported a strong third quarter, with executives touting a strong investment pipeline amid a flurry of dealmaking for the sector at large.
“The market has been and continues to be awfully active,” Bob Stephenson, chief financial officer at Omega, said during the company’s quarterly conference call.
There are multiple reasons underpinning this trend, he said, with lower interest rates and an influx of available capital being among the main drivers. Motivated sellers, especially those facing imminent refinancing challenges, have also created opportunities for acquisitions. Meanwhile, the...
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