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NEWS
September 25, 1991
Omega/Arkay, a manufacturer and seller of photo darkroom equipment, is moving its base of operations to Westminster in two months.Just 18 months ago, the company was saved from bankruptcy by an outside investor after its creditors forced it into Chapter 7 bankruptcy proceedings.The company persuaded the courts to allow it to enter Chapter 11 reorganization, and eventually it revived.Originally called OmegaInternational, the company moved to Carroll County in 1988. Last year, Omega acquired Arkay Corp.
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BUSINESS
By Natalie Sherman | April 29, 2014
The CEO of a Hunt Valley-based real estate investment trust, which has a portfolio of skilled nursing and assisted living facilities across the U.S., was awarded $7.3 million in compensation for 2013, a year that the firm's returns placed it among the top performing REITs in the country. Omega Healthcare Investors, Inc. CEO C. Taylor Pickett received a $700,000 base salary and a $1.05 million cash bonus in 2013. Chief Operating Office Daniel J. Booth was awarded $3.92 million in compensation for the year, while Chief Financial Officer Robert O. Stephenson received $3.03 million, according to a proxy statement filed with the Securities and Exchange Commission Tuesday.
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BUSINESS
By M. William Salganik and M. William Salganik,sun reporter | December 16, 2006
Omega Healthcare Investors Inc., a Timonium real estate investment trust, yesterday restated earnings for the past 3 1/2 years -- upward, by 16 percent. Earnings restatements are often an admission that a company has inflated profits, but that wasn't the case here. "Usually, it has much more negative connotations," said Charles W. Place, a REIT analyst at Ferris, Baker Watts Inc. in Baltimore. "I still hold a positive view on the company." Omega owns or holds mortgages on more than 200 nursing homes and assisted-living facilities in 27 states and contracts with operating companies to run them.
BUSINESS
By Natalie Sherman, The Baltimore Sun | February 4, 2014
Omega Healthcare Investors Inc., a Hunt Valley-based real estate investment trust, announced Monday that it earned $47.2 million for the three months ended Dec. 31, an increase of 39 percent over the $33.9 million earned during same period in 2012. Fourth quarter earnings per share rose to 38 cents last year from 30 cents in 2012. Shaes in Omega rose 17 cents Tuesday to close at $31.50 each. Omega, which buys and lends to nursing homes and assisted living facilities, saw fourth quarter revenue increase 17 percent to $111.1 million in 2013, from $95 million in 2012.
BUSINESS
By Liz Atwood and Liz Atwood,SUN STAFF | July 11, 1999
A decade ago, the state passed a law requiring builders to install sprinklers in new townhouses, apartments and condominiums to reduce the risk of fire. Today, many owners of those homes feel burned.A recall of one of the most popular sprinkler brands has been ordered and homeowners may have to pay hundreds of dollars to correct the problem.Those homeowners' opportunity to be reimbursed for the installation of new sprinklers expires Aug. 1, the last day homeowners have to place a claim in a class-action settlement.
NEWS
May 2, 2006
On April 27, 2006 MS. LUCILLE DURHAM VENTURE. She is survived by a special cousin, Irma C. Lashley, a cherished goddaughter, Lynda M. Brown, nieces, a host of other relatives and friends. The family will receive friends at Sharp Street Memorial United Methodist Church, 1206 Etting St. on Friday at 11am. Delta Sigma Theta Sorority, Inc. Omega Omega Service will begin at 11:15am. Memorial service at 12pm.
BUSINESS
By JAY HANCOCK | March 1, 2006
Omega Protein, facing limits on its Chesapeake Bay harvest, says it's the undeserving victim of ecology nuts, misguided scientists and the yachting crowd. "We'll not simply allow these special-interest groups that are kind of coming up with these prostituted science numbers to make their claims" unchallenged, says Omega spokesman Ben Landry. Opponents say the Houston company is a corporate bully whose enormous catch of menhaden - an inedible fish harvested for centuries as fertilizer and animal feed - threatens the bay and whose management has refused to compromise.
NEWS
By Rona Kobell and Rona Kobell,SUN STAFF | July 2, 2005
A former Department of Natural Resources official who was working under contract with the agency was forced to resign yesterday amid revelations that he was also consulting for an industry group that is often at odds with the state. W. Pete Jensen, who retired as DNR's deputy associate secretary in April, was rehired days later under a $25,000-a-year consulting contract to work on a study to determine whether to introduce non-native oysters into the Chesapeake Bay. But questions were raised when Jensen turned up Wednesday at a meeting of the Menhaden Technical Committee in Manchester, N.H. Officials were talking with Omega Protein, a company that takes large quantities of the oily baitfish out of the bay. Maryland has lobbied to limit the menhaden harvest, in part to preserve the region's striped bass population.
NEWS
October 19, 2005
On October 12, 2005, DR. MILDRED S. Mc KINNEY. Services will be held on Friday, October 21, 2005 at the Murphy Fine Arts Center, Gilliam Concert Hall (on the campus of Morgan State Univ.). 3 P.M., family hour. 3:30 P.M., Delta Sigma Theta, Omega Omega Ceremony. 4 P.M., memorial service. In lieu of flowers, the family request that donations be made to the Dr. Mildred S. Mc Kinney Endowed Scholarship Fund (at the Morgan State Univ. Foundation), Room 120, Truth Hall, 1700 E. Coldspring Lane, Baltimore, MD 21251.
NEWS
December 29, 2008
On December 24, 2008, DORETHA M. GALLOWAY; survived by her devoted husband William L., and loving sons, Ryan J. and Todd A. Galloway, and a host of other family and friends. Family will receive friends at the family owned WYLIE FUNERAL HOME of BALTIMORE COUNTY, 9200 Liberty Road Monday from 6-8 PM. Services will be held Tuesday at the Metropolitan United Methodist Church, 1121 Lanvale Street, 10:00 am wake. An Omega Omega Service will begin at 10:30 am with Funeral Services to start at 11:00 am. Interment Following.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | October 2, 2013
Hunt Valley-based Omega Healthcare Investors has announced a public offering of 2.5 million shares of common stock priced at $30 per share. Omega, a real estate investment trust that invests in skilled nursing and assisted living facilities and specialty hospitals, plans to raise $75 million. The proceeds will be used for general purposes, possibly including a previously announced deal to acquire 56 skilled nursing centers from Ark Holding Co. Inc. for $525 million and lease them back to Ark. Omega owns or holds mortgages on 477 facilities with more than 55,000 beds in 33 states.
EXPLORE
July 22, 2013
Xi Delta Omega Chapter of Alpha Kappa Alpha Sorority Inc. awarded 2013 Harford County graduates $8,000 in scholarships for academic achievement. The scholarships were awarded on Saturday, June 8 at a scholarship brunch held at The Sutherland Grille in Aberdeen Proving Ground. Xi Delta Omega Chapter has been in the Harford and Cecil counties since April 24, 1982 and has awarded more than $78,000 in scholarships to assist graduating students in continuing their education at institutions of higher learning.
BUSINESS
By Steve Kilar and The Baltimore Sun | October 26, 2012
Omega Healthcare Investors Inc., the real estate investment trust based in Hunt Valley that invests in long-term health care facilities, earned $30.1 million during the third quarter of the year, the firm said in a statement Friday. Omega's third quarter 2012 earnings were 40.5 percent higher than earnings in same period last year, the company said. The firm's funds from operations, a figure often used to determine a real estate investment trust's health, increased 27.5 percent over the July through September period last year, the statement said.
FEATURES
Tim Wheeler | May 15, 2012
Maryland Attorney General Douglas F. Gansler says he's considering going to court if the interstate panel that regulates Atlantic coast fishing for menhaden doesn't cut back enough the catch of a Virginia-based fleet that takes the lion's share of the forage fish. Speaking at a Chesapeake Bay scientific symposium in Baltimore on Monday, Gansler said he was "working with" the Atlantic States Marine Fisheries Commission as it ponders tightening harvest limits on menhaden. Called by some "the most important fish in the sea," menhaden are a food source for many other fish and wildlife, including ospreys and striped bass, Maryland's state fish.
HEALTH
By Elaine Pelc, Special to The Baltimore Sun | January 10, 2012
Each week a nutritionist from the University of Maryland Medical Center provides a guest post. This week, Elaine Pelc weighs in on Omega-3 fatty acids. Over the past few years there has been a lot of hype over Omega-3 fatty acids. They are said to help with a myriad of health conditions, including asthma, depression and cancers. The strongest supportive research is in the area of heart disease. What are omega-3s? Omega-3s are essential fatty acids. This means that your body is unable to create them on its own, therefore they must be consumed from food or supplements.
EXPLORE
By David Tayman, D.V.M | October 4, 2011
Q: What's the best way to address a cat's dry, flaky skin?   A: Common causes for dry kitty skin include allergic reactions (to food, dust or flea bites) and poor diet, but it could also signal kidney, liver, heart, adrenal or thyroid problems. A thorough examination by your veterinarian should be your first step, to rule out any serious underlying medical conditions that may be the true cause of dry, itchy skin. Food allergies are often assumed to be the culprit for dry skin in cats when, in reality, food allergies may cause only 10 percent of skin disorders in pets.         A healthy diet for cats should contain sufficient omega-3 fatty acids, which are crucial for healthy skin and coats.
NEWS
July 1, 2003
On June 26, 2003, JACOB M. Visitation at 2140 N. Fulton Ave., on Tuesday, 2 to 8 P.M. The family will receive friends at St. Johns Alpha and Omega Pentecostal Church, 1950 W. North Ave., on Wednesday at 11 A.M. Funeral at 11:30 A.M.
NEWS
July 22, 2003
On July 15, 2003, DOLORES L. Visitation at 2140 N. Fulton Avenue, on Tuesday 2 to 8 P.M. and Wednesday 10 to 3 P.M. The family will receive friends at St. Johns Alpha and Omega Pentecostal Church, 1950 W. North Avenue on Wednesday at 7 P.M. Funeral at 7:30 P.M.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | April 21, 2010
Omega Healthcare Investors Inc., a Hunt Valley real estate investment trust that finances the long-term care industry, has acquired 63 long-term care facilities for $295 million, the company said. Omega acquired facilities in 19 states with a total of 6,607 beds under an option agreement with the seller, affiliates of CapitalSource Inc., for $34 million in cash and the repayment of $261 million in debt. The sale is expected to close in June. Omega had acquired the option to purchase the facilities as part of a previously announced securities purchase agreement with CapitalSource that included the acquisition in December of entities owing 40 facilities.
BUSINESS
By Lorraine Mirabella | lorraine.mirabella@baltsun.com | February 23, 2010
Omega Healthcare Investors Inc., a Hunt Valley real estate investment trust, reported Tuesday a decrease in fourth quarter funds from operations -- a closely watched metric for REITs -- to $24.9 million, or 29 cents per common share, from $26.3 million, or 32 cents per common share, compared to the same period in 2008. The company, which invests in long term care facilities, said net income available to common stockholders fell to $14 million, or 16 cents per common share, on revenues of $49.4 million during the three months ended Dec. 31. Those results compared to net income of $15.6 million, or 19 cents per diluted common share, on revenues of $49.2 million for the fourth quarter of 2008.
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