Press Release January 02, 2019

Omega Healthcare Investors to Acquire MedEquities Realty Trust

Goodwin’s Life Sciences and Real Estate M&A teams represented Centerview Partners LLC in its role as financial advisor to Omega Healthcare Investors in connection with Omega Healthcare Investors’ announced definitive merger agreement with MedEquities Realty Trust. The transaction represents an enterprise value of approximately $600 million for MedEquities and further diversifies Omega’s assets and operators. The boards of directors of both companies have unanimously approved the transaction.

Under the terms of the agreement, Omega will acquire all of the outstanding shares of MedEquities and 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 held by them, 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. Completion of the transaction is subject to satisfaction of customary closing conditions, including the approval by the stockholders of MedEquities. The transaction is expected to close in the first half of 2019.

Centerview Partners is a leading independent investment banking and advisory firm. The firm provides advice on mergers and acquisitions, financial restructurings, valuation, and capital structure to companies, institutions and governments. Since the founding of Centerview in 2006, the firm has advised on over $2.5 trillion of transactions.

Omega Healthcare Investors is a real estate investment trust that invests in the long-term healthcare industry, primarily in skilled nursing and assisted living facilities. Its portfolio of assets is operated by a diverse group of healthcare companies, predominantly in a triple-net lease structure. The assets span all regions within the US, as well as in the UK.

The Goodwin team representing Centerview includes partners Stuart Cable, James Matarese and Blake Liggio with invaluable assistance from partner Gil Menna.

For additional information on the acquisition, please read the press release.