Omega Executives Praise $222.4M Saber Healthcare Deal
Executives at Omega Healthcare Investors (NYSE: OHI) reported operational improvements and high occupancy in the third quarter, enabling the company to pursue additional investments.
CEO Taylor Pickett highlighted the company's latest $222.4 million joint venture with affiliates of Saber Healthcare, calling it "one of a kind".
They're essentially the private Ensign, and they're set up to grow really significantly in a very creative way over the next five plus years.
Pickett expressed excitement about the deal, citing potential upside and remarkable yield on investment.
- Deal value: $222.4 million
- Partner: Saber Healthcare
- Potential growth: significant expansion over the next five years
Pickett noted that there are few companies like Saber, making this deal unique.
Author's summary: Omega invests $222.4M in Saber Healthcare.