Skilled Nursing News August 2, 2024
Omega Healthcare Investors (NYSE: OHI) posted a solid second quarter, reflecting continued stability and aggressive expansion in its investments.
“The fundamentals of the business continue to improve,” Megan Krull, Senior Vice President of Operations, said during the company’s quarterly conference call. “While not at pre-pandemic levels, occupancy has stabilized, and the recovery, from a coverage perspective, is indicative of the fact that many states have and continue to step up in meaningful ways to provide the support necessary in recovery efforts.”
Occupancy rates across Omega’s facilities continue to recover, with the overall core portfolio achieving an 80.8% occupancy rate by mid-July 2024. This marks a rebound from a low of 74.6% in January 2022.
In the second quarter, Omega’s...
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