Omega Healthcare Investors Inc. is expanding its portfolio of nursing and senior homes with the $600 million acquisition of a Tennessee real estate investment trust.
Hunt Valley-based Omega plans to buy MedEquities Realty Trust Inc. in a cash-and-stock deal expected to close in the first half of the year. MedEquities stockholders are slated to receive 0.235 Omega shares plus $2 in cash for each of their shares.
The deal values MedEquities at $10.26 per share based on the $35.15 closing price for…
