8-K: Current report filing
Published on April 30, 1998
EXHIBIT 99.3
The following table sets forth certain unaudited summary financial
information for the Company on a pro forma basis. The pro forma information for
the year ended December 31, 1997 gives effect to the Company's acquisition of 24
nursing homes and 2 rehabilitation hospitals from Sun Healthcare Group as if net
fundings in October 1997 ($80.9 million) and April 1998 ($15 million) had been
completed on January 1, 1997. The initial funding relates to the purchase of
facilities from Regency Health Services in October 1997, while the April 1998
funding related to an amended agreement with Sun Healthcare. The pro forma
information also gives effect to additional borrowings assumed in the
transactions and on the Company's line of credit as if each had been completed
on January 1, 1997. The pro forma financial information is not necessarily
indicative of what the Company's results of operations would have been assuming
the above events actually occurred as of the dates indicated, nor do they
purport to project the Company's results of operations for any future date or
for any future period.
OMEGA HEALTHCARE INVESTORS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
YEAR ENDED DECEMBER 31, 1997
(IN THOUSANDS, EXCEPT PER SHARE DATA)