Hunton Andrews Kurth LLP represented Omega Healthcare Investors, Inc. in the creation of two joint ventures with Saber Healthcare Holdings, LLC, a leader in skilled nursing, long-term, and senior rehabilitation care.

In October 2025, Omega formed a $222 million joint venture with an affiliate of Saber to own and lease 64 senior healthcare facilities that were previously wholly owned by an affiliate of Saber. The joint venture intends to explore additional acquisitions of senior healthcare facilities.

Simultaneously, Omega entered into an agreement to invest $93 million to acquire a 9.9% equity interest in Saber’s operating company, which is currently wholly owned by Saber. It is expected that the investment in the operating company will close on January 1, 2026.

Omega 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 multi-disciplinary Hunton team was led by partners Kendal Sibley for tax, Michael Goldman for mergers and acquisitions, and Daniel Campbell and Douglas Hoffmann for real estate and joint venture matters. Other team members included partner James Pinna for healthcare; partner Kate Saltz for capital markets; counsels Elizabeth Breen and A.J. Carroll, and senior attorney Jessica Vara for real estate; associate Bennett Sooy for antitrust; associate Patrick Tricker for tax; associate Charles Matthews for mergers and acquisitions; and associate Paul Greco for joint venture matters.