Omega Healthcare Investors, Inc.

NYSE:OHI   3:59:59 PM EDT
30.29
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Other Pre-Announcement

Omega Revises Revenue Recognition Accounting Treatment For Operators With Going Concern Disclosures

Published: 09/24/2020 20:45 GMT
Omega Healthcare Investors Inc (OHI) - Omega Revises Revenue Recognition Accounting Treatment for Operators With Going Concern Disclosures.
Omega Healthcare Investors - Will Record Revenue for Operators With Going Concern Disclosures on a Cash-basis Accounting Method Starting Quarter Ending Sept.
Omega - Sees Impact of Accounting Change Will Be a Write-down of Straight-line Receivables and Lease Inducements of About $140 Million in Quarter Ending Sept.
Omega Healthcare Investors Inc - Will Be Recording an Impairment Estimated at $28 Million, Related to Uncollateralized Portion of a Loan to Agemo in Q3.