Omega Healthcare transfers 32 Florida facilities to PACS Group

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Go back to Omega Healthcare transfers 32 Florida facilities to PACS Group

Omega to Transition Operations of 32 Facilities in Florida to PACS Group

October 5, 2026 2:00 AM EDT

HUNT VALLEY, Md.--(BUSINESS WIRE)-- 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... More