Nursing Home Operator LaVie Care Centers Files for Bankruptcy [BNN Bloomberg (Canada)]
Omega Healthcare Investors, Inc. (OHI)
Last omega healthcare investors, inc. earnings: 2/5 04:20 pm
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Source: BNN Bloomberg
Since the pandemic, the company — once one of the largest operators of skilled nursing facilities in the US — has divested more than 90 facilities. It now operates in five states and has 3,600 employees, according to court papers. Like many peers, LaVie struggled with higher costs and was forced to rely on expensive staffing agencies to fill positions. While it sold off many underperforming locations, it was left with lease liabilities and litigation claims tied to those facilities, Chief Restructuring Officer M. Benjamin Jones wrote in court papers. It wasn't able to negotiate repayment plans with all of its creditors, and fell behind on settlement agreements with others. Chapter 11 filings allow a company to keep operating while it works out a plan to repay creditors. To help fund itself in bankruptcy, LaVie has lined up $20 million of financing from lenders including Omega Healthcare Investors Inc., its largest landlord. It's seeking to reorganize or sell itself. The company
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OHI
News
- Omega Healthcare Investors, Inc. (NYSE: OHI) was upgraded by analysts at Wells Fargo & Company to a "strong-buy" rating.MarketBeat
- Omega Healthcare Investors: 8.4% Yield And Selling Below Fair Price [Seeking Alpha]Seeking Alpha
- Omega Healthcare Investors (OHI) Upgraded to Buy: Here's What You Should Know [Yahoo! Finance]Yahoo! Finance
- Omega Provides an Update on the LaVie RestructuringBusiness Wire
- LaVie Care Centers Takes Strategic Actions to Position the Company for Long-Term Success Amidst Challenging Skilled Nursing Operating Environment [Yahoo! Finance]Yahoo! Finance
OHI
Earnings
- 5/2/24 - Miss
OHI
Sec Filings
- 6/11/24 - Form 4
- 6/11/24 - Form 4
- 6/11/24 - Form 4
- OHI's page on the SEC website