Question · Q4 2025
Sam inquired about any updates on PAX, specifically seeking insight into the outcome of the federal investigation.
Answer
CIO Vikas Gupta stated that Omega has no more public information on the PAX investigation but confirmed close contact with PACS management, noting strong performance, good credit, operating results, and clinical performance of their buildings at Omega. Sam also asked about the timing and expected returns for redeploying proceeds from Genesis-related loans in 2026. CFO Bob Stephenson clarified that $137 million in Genesis loans (DIP and term loan) are assumed to be repaid mid-year, with proceeds first paying off credit facility balances, and the remainder invested at approximately 3.5% overnight rates.
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