revenue $323.0M, net income $151.0M. Omega adopts RIDEA operating model, faces Medicaid cuts, extends Genesis DIP loan

Filed April 29, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 2, 2025 · ~1 min read

Key Changes

• high

  Company began directly owning and operating healthcare facilities through third-party managers (RIDEA structure) in Q4 2025, introducing new operational and regulatory risks beyond traditional triple-net lease model.

  MD&A: Business Overview verify on EDGAR →
• high

  July 2025 budget act (OBBBA) enacted $920 billion in Medicaid cuts over next decade; states may reduce SNF reimbursements to offset lost provider-tax revenue, pressuring operator cash flows.

  Legal Proceedings & MD&A: Regulatory verify on EDGAR →
• high

  Provided $26.7 million of $80 million DIP loan to Genesis Healthcare in March 2026 to support ongoing bankruptcy proceedings, signaling continued distress at major tenant.

  Legal Proceedings: Genesis verify on EDGAR →