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Stock impact report

Diversified Healthcare Trust Provides Update Regarding the 116 AlerisLife Management Agreements Transitioning to New Operators [Yahoo! Finance]

Diversified Healthcare Trust - Common Shares of Beneficial Interest (DHC) 
Company Research Source: Yahoo! Finance
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 units Discovery Senior Living – 44 communities with 5,338 units Tutera Senior Living & Health Care – 19 communities with 2,051 units Stellar Senior Living – 6 communities with 1,032 units WellQuest Living – 5 communities with 796 units Phoenix Senior Living – 3 communities with 366 units Ciel Senior Living – 1 community with 308 units The management transitions began in mid September and are expected to be completed by year end. Chris Bilotto, President and Chief Executive Officer of DHC, m Show less Read more
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