Acquisition and leaseback

Omega Healthcare Investors

Our attorneys represented Real Estate Investment Trust, Omega Healthcare Investors, Inc. (“Omega”) on its acquisition and lease back transaction concerning 23 care home facilities in the UK with Healthcare Homes Group Ltd., a provider of care home and domiciliary care services to the elderly in the UK. The transaction, which closed on May 1 for approximately $180 million, is Omega’s first foray into the UK in many years.

Omega provides financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities located in the United States. Omega has a portfolio of investments, including over 900 properties located in 41 states, which are run by 81 different operators and has a market cap of $6.3 billion.

“We congratulate Omega on its significant expansion into a promising geography,” said New York Corporate Partner John Fallon, who led the transaction. “Healthcare Homes will provide an excellent platform for future growth by way of further acquisition and lease back transactions and also capital expenditures for their existing facilities.”  

London Corporate Partner Sean Scanlon, who led the UK based team, added:  “We’re delighted to have been able to leverage outside counsel’s US and UK expertise to help Omega successfully close this transaction in the UK market.”

Dan Booth, Chief Operating Officer of Omega, commented: “The team provided us with invaluable advice and expert guidance throughout the transaction, all the more important as this was our first deal outside the US market in many years.”  

Nabarro LLP assisted our attorneys in the Omega transaction by providing advice on certain UK real estate aspects of the transaction. The Nabarro team was led by London Real Estate Partner Candice Blackwood.

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