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Stock impact report

Diversified Healthcare Trust and Five Star Senior Living Complete Restructuring of Business Arrangements

Diversified Healthcare Trust - Common Shares of Beneficial Interest (DHC) 
Company Research Source: Business Wire
NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) and Five Star Senior Living Inc. (Nasdaq: FVE) today announced that the previously announced restructuring of their business arrangements was completed effective January 1, 2020. Pursuant to the restructuring transaction, the five existing master leases for 166 of DHC’s senior living communities (18,676 living units) that were leased to FVE and the existing management agreements and pooling agreements between DHC and FVE for an additional 77 of DHC’s senior living communities (10,168 living units) have been terminated and replaced with new management agreements for all 243 DHC senior living communities that are operated by FVE.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200102005122/en/Also pursuant to the restructuring transaction, on January 1, 2020 FVE issued 10,268,158 of its common shares to DHC and an aggregate of approximately 16,119,56 Show less Read more
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