CapitalSource completed the sale of 40 long-term care facilities to Omega Healthcare Investors in accordance with the terms of the agreement between the parties executed in November 2009.

At the closing, CapitalSource received net proceeds from Omega of $270 million, which included the assumption of $182 million of Department of Housing and Urban Development mortgages and $20 million of other debt, net cash proceeds of $65 million and $3 million of Omega common stock.

In addition, CapitalSource received $15 million of Omega common stock as consideration for certain escrow amounts transferred at closing. This sale is the final stage of a three-step transaction in which CapitalSource sold 143 long-term care facilities to Omega.

Previously on monitordaily.com:

6/11/2010 - CapitalSource, Omega Finalize $293 Million All-Cash Deal