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Stock impact report

Diversified Healthcare Trust Provides Update Regarding the 116 AlerisLife Management Agreements Transitioning to New Operators

Diversified Healthcare Trust - Common Shares of Beneficial Interest (DHC) 
Company Research Source: Business Wire
NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) (“DHC”) today reiterated that, as part of the previously disclosed wind-down of AlerisLife Inc. (“AlerisLife”), the management agreements for 116 of DHC’s senior housing operating portfolio (“SHOP”) communities are being sold and the operations transferred. Seven different managers, with established records of senior living operations will take over the 116 communities.The seven operators assuming the AlerisLife SHOP community management responsibilities are as follows:Sinceri Senior Living – 38 communities with 7,299 unitsDiscovery Senior Living – 44 communities with 5,338 unitsTutera Senior Living & Health Care – 19 communities with 2,051 unitsStellar Senior Living – 6 communities with 1,032 unitsWellQuest Living – 5 communities with 796 unitsPhoenix Senior Living – 3 communities with 366 unitsCiel Senior Living – 1 community with 308 unitsThe management transitions began in mid September and are expected Show less Read more
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