Omega Commits $10M to Aid LaVie Care Centers Through Bankruptcy, Ensuring Quality Care
Portfolio Pulse from Benzinga Newsdesk
Omega Healthcare Investors, Inc. (NYSE: OHI) has committed $10 million to support LaVie Care Centers during its Chapter 11 bankruptcy. This funding will ensure operational liquidity and maintain quality care at LaVie facilities. Omega expects sustainable cash flow and long-term rent from its LaVie portfolio.
June 03, 2024 | 12:07 pm
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Omega Healthcare Investors (NYSE: OHI) is committing $10 million to support LaVie Care Centers during its Chapter 11 bankruptcy. This move aims to ensure operational liquidity and maintain quality care at LaVie facilities. Omega expects sustainable cash flow and long-term rent from its LaVie portfolio.
Omega's $10 million commitment to LaVie Care Centers during its bankruptcy is a strategic move to ensure operational liquidity and maintain quality care. This action is likely to stabilize Omega's LaVie portfolio, ensuring sustainable cash flow and long-term rent, which is positive for OHI's financial health.
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