Omega Transitions 32 Florida SNFs to PACS, Adds $26.1M Year-One Rent
OHI sits 16% above its 52-week low of $39.26.
Summary
Omega transitioned 32 Florida skilled nursing facilities to PACS, adding $26.1 million in year-one rent and $2.5 million more in year two, with a one-time $90 million expense.
Key Events · M&A and Partnerships · OHI
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Portfolio Transition to PACS
Effective October 1, 2026, Omega transitioned 32 Florida skilled nursing facilities from Airamid to PACS, adding them to the existing PACS master lease.
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Rent Increase
Rent on the portfolio increases by $26.1 million in year one and an additional $2.5 million in year two, with contractual 2% escalators thereafter.
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One-Time Expense
In conjunction with the transition, Omega incurred a one-time expense of approximately $90 million.
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Operator Relationship
The transition ends a 15-year relationship with Airamid and expands Omega's partnership with PACS, which enters the Florida market.
Analysis · OHI · Real Estate & Construction
Effective October 1, 2026, Omega completed the transition of 32 Florida skilled nursing facilities from Airamid to PACS. The deal adds $26.1 million in year-one rent and another $2.5 million in year two, with 2% annual escalators thereafter, while incurring a one-time expense of approximately $90 million. The rent uplift is accretive to AFFO and strengthens the master lease with PACS, a growing operator entering Florida.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 29.2% of the 1496 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, OHI was trading at $45.72 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $13.9B. The 52-week trading range was $39.26 to $52.39. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.