Regulation FD Presentation (Form 8-K)

PRESS RELEASE - FOR IMMEDIATE RELEASE

OMEGA TO TRANSITION OPERATIONS OF 32 FACILITIES IN FLORIDA TO PACS GROUP

HUNT VALLEY, MARYLAND - October 5, 2026 - Omega Healthcare Investors, Inc. (NYSE: OHI) (the "Company" or "Omega") today announced that it transitioned 32 skilled nursing facilities in Florida from an operator managed by affiliates of Airamid Health Services, LLC ("Airamid") to subsidiaries of PACS Group, Inc. (NYSE: PACS) ("PACS"). The effective date of the transition was October 1, 2026.

In conjunction with this transition, rent on this portfolio is scheduled to increase by $26.1 million in year one and by an additional $2.5 million in year two, with contractual 2% escalators thereafter. The portfolio will be added to Omega's existing master lease with PACS. In conjunction with this transition, Omega incurred a one-time expense of approximately $90 million.

Matthew Gourmand, Omega's Chief Executive Officer, stated, "We have referenced our active portfolio management efforts in recent earnings calls, and this transition represents a perfect example of how we are able to structure a highly accretive transaction for our shareholders, while addressing the needs of two long-standing operators and supporting continued quality of care for residents. I am grateful to Vikas and the team, as well as both operators and their advisors, for their resolute and thoughtful approach to finding a solution that works for all parties."

Vikas Gupta, Omega's Chief Investment Officer, added, "We have enjoyed an excellent relationship with the team at Airamid for over 15 years. They have been a valued partner, most notably weathering the clinical and economic challenges of the pandemic admirably. We are grateful to the team and wish them success in the future. At the same time, we are excited to grow our relationship with PACS. They have proven to be a highly capable operator of skilled nursing facilities, with a strong focus on clinical care, and we are excited to support their entry into the state of Florida."

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Omega is a real estate investment trust ("REIT") that invests in the long-term healthcare industry, primarily in skilled nursing, assisted living, and care home facilities. Its portfolio of assets is operated by a diverse group of healthcare companies and is predominantly structured under long-term triple-net leases, with an increasing portion managed through RIDEA structures. The assets span all regions of the U.S., as well as the U.K. and Canada. More information on Omega is available at www.omegahealthcare.com.