Hunt Valley-based Omega Healthcare Investors has announced a public offering of 2.5 million shares of common stock priced at $30 per share.
Omega, a real estate investment trust that invests in skilled nursing and assisted living facilities and specialty hospitals, plans to raise $75 million. The proceeds will be used for general purposes, possibly including a previously announced deal to acquire 56 skilled nursing centers from Ark Holding Co. Inc. for $525 million and lease them back to Ark.
Omega owns or holds mortgages on 477 facilities with more than 55,000 beds in 33 states. Shares in Omega had slipped 19 cents in Tuesday afternoon trading at $30.47 a share.