Omega Healthcare Investors, Inc. Announces Executive Appointments
October 23, 2020 at 08:24 am
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On October 22, 2020, the Board of Directors of Omega Healthcare Investors, Inc. (the “Company”) appointed Mr. Kevin J. Jacobs to the Board of Directors, to serve until the Company’s 2021 annual meeting of stockholders (the “2021 Annual Meeting”) and until his successor is elected and qualified. Mr. Jacobs brings to Board significant experience managing both private and public companies in the hospitality and real estate industries, including REITs; knowledge of financial reporting and other regulatory matters; and significant capital markets experience. He has served as Chief Financial Officer for Hilton Worldwide Holdings Inc. since 2013, and in 2020, also began serving concurrently as its President, Global Development. Additionally, on October 22, 2020, Neal A. Ballew was appointed as Chief Accounting Officer of the Company, overseeing the accounting and financial reporting functions of the Company. In such capacity, Mr. Ballew will serve as the Company’s principal accounting officer as defined by the SEC. Prior to joining the Company, Mr. Ballew spent ten years in the real estate and hospitality audit practice at Ernst & Young, LLP (“EY”). Most recently, Mr. Ballew was a senior manager within EY’s professional practice group, assisting audit clients on technical accounting matters.
Omega Healthcare Investors, Inc. is a real estate investment trust (REIT). The Company operates through a single segment, which invests in healthcare-related real estate properties located in the United States and the United Kingdom. Its core business is to provide financing and capital to the long-term healthcare industry with a particular focus on skilled nursing facilities (SNFs), assisted living facilities (ALFs), and to a lesser extent, independent living facilities (ILFs), rehabilitation and acute care facilities (specialty facilities) and medical office buildings (MOBs). Its core portfolio consists of its long-term leases and real estate loans with healthcare operating companies and affiliates. In addition, the Company makes loans to operators and/or their principals. The Company's portfolio of real estate investments includes over 891 healthcare facilities, located in 42 states and the United Kingdom that are operated by 74 third-party operators.