An Omega Healthcare holding. Photo by Omega Healthcare.HUNT VALLEY, MD–Locally-based Omega Healthcare Investors is acquiring Nashville-based MedEquities Realty Trust in a stock transaction that values MedEquities at $600 million.
The boards of directors of both companies have unanimously approved the transaction. There are no changes planned to Omega's board of directors or executive officers related to the merger transaction.
Under the terms of the agreement, MedEquities stockholders will receive a fixed exchange ratio of 0.235 Omega common shares plus $2.00 in cash for each share of MedEquities common stock, which represents a value of $10.26 per MedEquities share based on the $35.15 closing price for Omega common stock on December 31, 2018.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
