Omega Healthcare transitions 32 Florida skilled nursing facilities to PACS Group under master lease
OHI•Omega Healthcare Investors transitioned operations of 32 Florida skilled nursing facilities to PACS Group, effective Oct. 1, 2026. Portfolio rent is set to rise by $26.1 million in year one and $2.5 million in year two, with 2% annual escalators thereafter; the transaction triggered a one-time expense of about $90 million.
1. Facility transition
Omega Healthcare Investors transitioned operations of 32 Florida skilled nursing facilities to PACS Group, effective Oct. 1, 2026. The assets will be added to Omega’s existing master lease with PACS.
2. Rent and expense
Rent on the portfolio is set to rise by $26.1 million in year one and $2.5 million in year two. Contracted 2% annual escalators apply thereafter, and the transaction triggered a one-time expense of about $90 million.
