Omega to transition operations of 32 facilities in Florida to PACS Group
OHI•Omega Healthcare Investors will transition operations of 32 Florida facilities to PACS Group. Omega expects a one-time expense of about $90 million, while rent will increase by $26.10 million in year one and $2.50 million in year two, with 2% escalators thereafter.
1. Transition and rent terms
Omega Healthcare Investors will transition operations of 32 facilities in Florida to PACS Group. The transition will incur a one-time expense of about $90 million. Rent will increase by $26.10 million in year one and $2.50 million in year two, with 2% escalators thereafter.
