Omega Healthcare Snaps Up 3 Mid-Atlantic Nursing Homes

Law360, New York (November 1, 2011, 5:08 PM EDT) -- Real estate investment trust Omega Healthcare Investors Inc. has purchased three skilled-nursing facilities in Maryland and West Virginia for $44 million through Persimmon Ventures LLC, Omega announced Tuesday.

Omega completed the acquisition of the three facilities Monday for $14 million in cash and the assumption of $30 million in debt guaranteed by the U.S. Department of Housing and Urban Development.

The three properties have a total of 511 beds, Omega said. Two of them are located in Maryland and one is in West Virginia.

Also on Monday, the...
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