Merger is ‘best solution’ to Diversified Healthcare Trust’s financial challenges, CEO says
By
Lois A. Bowers
Apr 12, 2023
A merger with Office Properties Income Trust provides Diversified Healthcare Trust with the “best solution” to address several near-term challenges it faces, DHC President and CEO Jennifer Francis...
People in the news, May 26
May 26, 2020
Appointments and promotions at Consulate Health Care, Diversified Healthcare Trust, Vi Living and Village Manor Park Healthcare & Community Living.
People in the news, June 8
By
Caroline Szachnowski
Lois A. Bowers
Jun 08, 2021
Appointments and promotions at 12 Oaks Senior Living, American House Senior Living Communities, Argentum, Ativo Senior Living, Bellwether Enterprise, Buckner, Cadence Living, Charles E. Smith Life Communities,...
Sales leads down 50 percent and ‘continued deterioration’ expected due to COVID-19, Five Star says
By
Lois A. Bowers
May 08, 2020
Average sales leads per week seen by Five Star Senior Living in April were approximately half of what they typically are, and the company expects “continued deterioration” as the effects of...
AlerisLife rejected 2 suitors before accepting managing director’s acquisition offer
By
Lois A. Bowers
Feb 21, 2023
AlerisLife rejected two acquisition offers before ultimately accepting one made by an entity controlled by one of its managing directors, who also is the chair of its board, according to documents filed...
UPDATED: Diversified Healthcare Trust to merge with Office Properties Income Trust
By
Lois A. Bowers
Apr 11, 2023
Newton, MA-based Diversified Healthcare Trust, with a senior living operating portfolio that includes 237 communities with 25,346 living units, has entered into an agreement to merge with Office Properties...
AlerisLife CEO: Becoming a private company will ‘enhance our focus’ on operations
By
Lois A. Bowers
Feb 06, 2023
AlerisLife, in becoming a private company by being acquired by one of its managing directors, will be better able to focus on its business and mission, AlerisLife President and CEO Jeffrey Leer told employees...
UPDATED: AlerisLife to be acquired for $44 million
By
Lois A. Bowers
Feb 03, 2023
AlerisLife is being acquired by ABP Acquisition 2 LLC for almost $44 million, AlerisLife said Friday in filings with the Securities and Exchange Commission.
Diversified Healthcare Trust, Office Properties Income Trust call off merger
By
Lois A. Bowers
Sep 01, 2023
Diversified Healthcare Trust and Office Properties Income Trust have called off their planned merger, the companies announced late Friday.
Five Star to exit skilled nursing, management of 108 senior living communities as focus shifts to larger...
By
Lois A. Bowers
Apr 09, 2021
A new strategic plan will see Five Star Senior Living exiting the skilled nursing business completely, and the management of 108 communities transitioning to other operators, as the company shifts its...