Omega Provides Hurricane Update

9/19/17

HUNT VALLEY, Md.--(BUSINESS WIRE)--Omega Healthcare Investors, Inc. (NYSE:OHI), the nation’s largest owner of post-acute care facilities, today provided this update on the impact of Hurricane Harvey and Hurricane Irma on Omega’s facilities:

Hurricane Irma. The Company has 99 facilities located in Florida operated by 11 tenants. The Company’s operators evacuated 16 facilities that were in the path of Hurricane Irma. Only minor flooding and damage has been reported and all 16 facilities have resumed re-admitting residents. None of Omega’s facilities outside Florida were evacuated or experienced loss of power or damages related to Hurricane Irma.

Hurricane Harvey. As previously announced, two Texas facilities that were within the proximity of Hurricane Harvey’s path were evacuated. Both facilities located along the Sabine River are now accepting residents and incurred only minor damages.

Commenting on Omega’s tenants related to the hurricanes, Omega’s Chief Operating Officer, Dan Booth said, “During the course of the last several weeks, our country has been massively affected by two natural disasters in the form of Hurricane Harvey and Hurricane Irma.” Mr. Booth continued, “Our operating partners in the Gulf Coast, particularly those in Texas, Louisiana and Florida, were confronted with extraordinary challenges as numerous facilities encountered evacuations, power outages and interruptions in the delivery of vital services and supplies. We are extremely proud of our operating partners, and are particularly appreciative to those caregivers that sacrificed their own well-being to care for and protect their residents.”

Omega is a real estate investment trust investing in and providing financing to the long-term care industry. As of June 30, 2017, Omega has a portfolio of investments that includes approximately 1,000 properties located in 42 states and the United Kingdom and operated by 77 different operators.

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