Omega to Transition Operations of 32 Facilities in Florida to PACS Group
Omega Healthcare Investors, Inc. (NYSE:OHI) (the "Company" or "Omega") today announced that it transitioned 32 skilled nursing facilities in Florida from an operator managed by affiliates of Airamid Health Services, LLC ("Airamid") to subsidiaries of PACS Group, Inc. (NYSE:PACS) ("PACS"). The effective date of the transition was October 1, 2026.In conjunction with this transition, rent on this portfolio is scheduled to increase by $26.1 million in year one and by an additional $2.5 million in year two, with contractual 2% escalators thereafter. The portfolio will be added to Omega’s existing master lease with PACS. In conjunction with this transition, Omega incurred a one-time expense of app
