Omega Healthcare Stock Price, News & Analysis

Omega Healthcare Investors (NYSE: OHI) announced the terms of its tender offer to purchase up to $350 million of its 4.375% Senior Notes due 2023. The tender offer, which expires on March 30, 2021, follows an earlier announcement on March 3, 2021. The total consideration for each $1,000 principal amount of Notes validly tendered before the early tender time is based on a fixed spread plus the yield of a U.S. Treasury reference security. Due to oversubscription, only a portion of the validly tendered notes will be accepted, with a proration rate of approximately 79.41%.

Omega Healthcare Investors (OHI) reported early results for its tender offer to purchase up to $350 million of its 4.375% Senior Notes due 2023. As of March 16, 2021, the company accepted $350 million of notes, with $441.61 million tendered. The offer, which started on March 3, 2021, allows holders to receive a Total Consideration based on market conditions. The Tender Offer expires at 11:59 p.m. on March 30, 2021. Financing conditions have been met, and payments for validly tendered notes will occur shortly. A comprehensive offer document is available for interested parties.

Omega Healthcare Investors (NYSE: OHI) has acquired Connected Living, a technology platform enhancing communication in senior living. This partnership aims to foster connections among residents, family, and staff, addressing the heightened demand for virtual engagement post-pandemic. CEO Taylor Pickett emphasized the significance of human interaction in resident care, while Connected Living's co-founder Sarah Hoit expressed excitement over the collaboration to make a social impact. As a wholly-owned subsidiary, Connected Living will leverage Omega's global reach to innovate solutions benefiting aging communities.

Omega Healthcare Investors (NYSE: OHI) and Maplewood Senior Living celebrate the opening of Inspīr Carnegie Hill, a luxury senior living community in Manhattan. This innovative facility offers exceptional health and wellness amenities, integrating modern design with advanced technology. Residents will receive world-class care through partnerships with renowned cultural institutions and healthcare providers, including Mount Sinai. The community features upscale amenities such as a heated saltwater pool, fine dining, and immersive activities.

Omega Healthcare Investors (NYSE: OHI) has announced the pricing of a public offering of $700 million in 3.250% Senior Notes due 2033. The offering is expected to settle on March 10, 2021. Proceeds will be used to repay existing borrowings and fund a tender offer for its 4.375% Senior Notes due 2023. J.P. Morgan, BofA Securities, Credit Agricole, and Wells Fargo are managing the offering, with a fixed-rate coupon of 3.250%, payable semiannually.

On March 3, 2021, Omega Healthcare Investors (NYSE: OHI) announced an amendment to its tender offer for its 4.375% Senior Notes due 2023, increasing the total from $250 million to $350 million. All other terms of the tender offer remain unchanged. The offer will expire at 11:59 p.m. on March 30, 2021, with an early tender deadline of 5:00 p.m. on March 16, 2021. Holders who tender their notes early will receive a premium plus accrued interest. The offer is subject to certain conditions including a financing condition.

Omega Healthcare Investors (NYSE: OHI) announced a tender offer to purchase up to $250 million of its 4.375% Senior Notes due 2023, with a total principal amount outstanding of $700 million. The tender offer expires on March 30, 2021, at 11:59 p.m. New York City Time. Holders who tender their notes by March 16, 2021, will receive an early tender premium of $30 per $1,000 principal amount. The offer is subject to specific conditions, including a financing condition, and is not subject to minimum tender conditions.

Omega Healthcare Investors reported strong financial results for Q4 2020, with net income of $63.1 million, up from $61.1 million YoY, and revenues of $263.8 million compared to $246.7 million in the prior year. The company also achieved NAREIT FFO of $173.3 million, a slight decrease from $175.5 million in Q4 2019. Notable developments include a $510 million acquisition of 24 senior living facilities and over 99% rent collection in January 2021, despite challenges from COVID-19. The company reinstated its dividend reinvestment plan and declared a dividend of $0.67 per share.

Omega Healthcare Investors (NYSE:OHI) announced a common stock dividend of $0.67 per share, payable on February 16, 2021, for stockholders of record as of February 8, 2021. The company will release its fourth quarter earnings for the period ending December 31, 2020, on February 4, 2021, after market close, followed by a conference call on February 5, 2021, at 10 a.m. ET to discuss the results and developments. Omega is a REIT focused on long-term healthcare facilities, with an extensive portfolio across the US and UK.