Operator: And our next question comes from Steve Valiquette from Barclays. Go ahead, Steve.
Unidentified Analyst: This is [indiscernible] on for Steve Valiquette. First question would be, I just wanted to kind of get a sense of how the ending of the PHE back in May has affected the business in June and July or most recently, let’s say, just to kind of quantify a better sense of how that’s been impacted? And then just also wanted to kind of on the previous question, assuming LaVie is the operator that’s closest to completion. Would you still say that it’s in line with reducing the number of operators with an EBITDAR coverage ratio below 1x, down to that 20% range? And just like confirm that LaVie is the operator closest to being fully restructured?
Megan Krull: So the public health emergency, I would say there hasn’t been a very large impact. Obviously, the filing in place that’s gone, but a lot of that was kind of tapered off anyway. It’s not a huge impact. The other piece of it is really the FMAP piece, which we’ve gone over some of these states that have large FMAP increases in most like California put that through the end of the year. Hopefully, next year, that will get added on permanently. Texas is going to have their FMAP rate in their permanent rate as well. So most of these states have either deal with it or at scale with it. So I would say not much of an impact at this point.
Taylor Pickett: And then the second half of the question, yes, LaVie, the 9. 5% of the 29.9, so one LaVie restructured at, call it 20%. And then you have the two buckets of operators with strong, very, very strong balance sheet to 6.2%. And then you have an 8.1% bucket of operators target had Q1 EBITDAR above one-time. So that’s another 14%. And I think we will have visibility around, all of that. Again, not next quarter, but in the — by the time we roll into 2024, I think we will have very visibility, that gets you down to 6% and we are working, a big chunk of that 6%. So,, the number should get down to historical levels, sub 5, if things continue as they are trending today.
Unidentified Analyst: All right. And super quickly, do you still intend on being net acquirers for the year?
Taylor Pickett: That would be the expectation given what we have held for sale, which is de minimis and what we’re restructuring which other than the restructuring around LaVie, we don’t have anything big out there.
Operator: [Operator Instructions] Our next question comes from Vikram Malhotra from Mizuho. Go ahead.
Vikram Malhotra: Thanks for taking the questions. Maybe just first one, I wanted to clarify. You mentioned the share count impacting, maybe the 3Q FAD run rate. I just wanted to clarify. It remind me last quarter I thought you had said, you were hoping for to hit sort of a $0.70-ish FAD number by 4Q. And I think now you are saying you are probably more approximating to the dividend. Is it just the shares? I just want to clarify. It’s just the capital raise and nothing else on the tenant front that you are baking in to get to that 80% coverage now in 2024?
Bob Stephenson: The shares absolutely have an impact. But I think — and again, getting in 2024, it’s also getting LaVie restructures the big piece of that as well.
Vikram Malhotra: Okay. That’s helpful. And just thinking about the outcome eventually of sort of the minimum staffing rule, whenever it comes, I’m just wondering if you sort of looked at a couple of scenarios where they require sort of the 4.1 hours, but the time line is maybe sooner anticipated versus a relatively long period to a year to the standard in call it, negative scenario, is there an assessment you’ve done on how coverages maybe impacted for operators?
