Omega Healthcare Investors' (NYSE:OHI) tenant, Genesis Healthcare, has filed for Chapter 11 bankruptcy protection, the REIT that owns skilled nursing and assisted living facilities said on Thursday. Omega said in a business update that it has decided to commit $8M to fund 26.

Genesis Healthcare Inc. — an operator of skilled nursing and assisted living facilities — and its subsidiaries have filed for Chapter 11 bankruptcy.

Genesis HealthCare filed for Chapter 11 bankruptcy on Wednesday in the northern district of Texas.The move will allow Genesis to address its legacy liabilities associated with previously divested operations,