AlerisLife Inc. operates and manages senior living communities in the United States. It operates through two segments, Residential and Lifestyle Services. Its senior living communities comprise independent living communities, assisted living communities, memory care, continuing care retirement communities (CCRCs), skilled nursing facilities (SNFs), and an active adult community. The company offers nursing and healthcare services; and outpatient rehabilitation clinics and fitness services. As of December 31, 2021, it owned and operated or managed, 141 senior living communities located in 28 states with 20,105 living units, including 10,423 independent living apartments, 9,636 assisted living suites, which includes 1,872 of Bridge to Rediscovery memory care units, and one continuing CCRC, with 106 living units, including 46 SNF. The company was formerly known as Five Star Senior Living Inc. and changed its name to AlerisLife Inc. in January 2022. AlerisLife Inc. was incorporated in 2001 and is headquartered in Newton, Massachusetts.
IPO Year:
Exchange: NASDAQ
Website: https://www.alerislife.com
AlerisLife Inc. (NASDAQ:ALR) today announced that Philip Benjamson has been appointed as a Senior Vice President and Chief Operating Officer, effective October 17, 2022. Mr. Benjamson has over 25 years of leadership experience in the senior living, hospitality and multifamily industries, and most recently served as Vice President of Senior Housing Operations for Trinity Health Senior Communities. Previously, Mr. Benjamson was the Chief Operating Officer at Resort Lifestyle Communities from 2018 to 2021 and the Chief Operating Officer at Blake Management Group from 2016 to 2018. "We are excited to round out our executive team with the addition of Philip," said Jeff Leer, President and Chie
AlerisLife Inc. (NASDAQ:ALR) today announced that Heather Pereira has been appointed as Senior Vice President, Chief Financial Officer and Treasurer, effective September 19, 2022. Ms. Pereira most recently served as Vice President and Corporate Controller of Acushnet Holdings Corp. since May of 2017. Previously, starting in 2004, Ms. Pereira held several roles within the accounting and finance departments of Acushnet Holdings. Ms. Pereira has over 20 years of accounting and finance experience and holds a Master's degree in Accountancy and Masters of Business Administration from Northeastern University and received a Bachelor of Arts degree from Boston College. "Heather brings vast experie
AlerisLife Inc. (NASDAQ:ALR) announced the results of its 2022 Annual Meeting of Stockholders which was held today. Bruce M. Gans, M.D. was re-elected as an Independent Director. The final tabulation of the percentage of stockholders' votes cast for this Independent Director is as follows: Independent Director Percentage of Shares Voted For Bruce M. Gans 81.3% Michael E. Wagner, M.D. was re-elected as Independent Director. The final tabulation of the percentage of stockholders' votes cast for this Independent Director is as follows: Independent Director Percentage of Shares Voted For Michael E. Wagner 81.5% Jennifer B. Clark was r
Jeff Leer Appointed Interim President and Chief Executive Officer Board of Directors Engages Healthcare Consulting Group of Alvarez & Marsal to Conduct Operational Review AlerisLife Inc. (NASDAQ:ALR) today announced that it has named Jeff Leer as Interim President and Chief Executive Officer, effective May 1, 2022. Mr. Leer has served as Executive Vice President, Chief Financial Officer and Treasurer of ALR since 2019 and will continue these responsibilities. Mr. Leer succeeds Katie Potter, who resigned as President and Chief Executive Officer, effective April 30, 2022. ALR also announced that its Board of Directors has engaged the healthcare consulting group of Alvarez & Marsal (A&M) to
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Gainers Invacare (NYSE:IVC) stock rose 14.3% to $0.48 during Friday's after-market session. The market value of their outstanding shares is at $18.1 million. Benitec Biopharma (NASDAQ:BNTC) stock increased by 11.7% to $0.19. The market value of their outstanding shares is at $5.3 million. AlerisLife (NASDAQ:ALR) stock moved upwards by 9.09% to $0.6. The company's market cap stands at $19.5 million. Renalytix (NASDAQ:RNLX) shares rose 8.55% to $2.03. The company's market cap stands at $76.0 million. electroCore (NASDAQ:ECOR) shares increased by 8.52% to $0.28. The market value of their outstanding shares is at $19.8 million. Statera BioPharma (NASDAQ:STAB) stock increased by 8.37% to $0
Gainers Invacare (NYSE:IVC) stock rose 14.3% to $0.48 during Friday's after-market session. The market value of their outstanding shares is at $18.1 million. Benitec Biopharma (NASDAQ:BNTC) stock increased by 11.7% to $0.19. The market value of their outstanding shares is at $5.3 million. AlerisLife (NASDAQ:ALR) stock moved upwards by 9.09% to $0.6. The company's market cap stands at $19.5 million. Renalytix (NASDAQ:RNLX) shares rose 8.55% to $2.03. The company's market cap stands at $76.0 million. electroCore (NASDAQ:ECOR) shares increased by 8.52% to $0.28. The market value of their outstanding shares is at $19.8 million. Statera BioPharma (NASDAQ:STAB) stock increased by 8.37% to $0
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Stockholders to Receive $1.31 Per Share in Cash, an 85% Premium to the 30-Day Average Trading Price Prior to the Tender Announcement AlerisLife Inc. (NASDAQ:ALR) today announced that ABP Acquisition LLC, or ABP, has successfully completed the previously announced tender offer to acquire all outstanding shares of the common stock of ALR for $1.31 per share in cash. $1.31 per share represents an 85% premium to the 30-day average trading price prior to the tender announcement. The tender offer expired at one minute after 11:59 p.m., Eastern Time, on March 17, 2023. As of the expiration, 22,375,687 shares had been validly tendered and not validly withdrawn from the tender offer, representing
SHOP Segment Occupancy Improves 380 Basis Points Year Over Year to 76.3% SHOP Segment Revenues Increase 14.2% Year Over Year Net Loss Attributable to Common Shareholders of $0.27 Per Share Normalized FFO Attributable to Common Shareholders of $0.03 Per Share Diversified Healthcare Trust (NASDAQ:DHC) today announced its financial results for the quarter ended December 31, 2022. Jennifer Francis, President and Chief Executive Officer of DHC, made the following statement: "Fourth quarter results reflected strong year over year improvement in our SHOP segment. Occupancy increased 380 basis points and average monthly rates increased nearly 9% from the prior year, resulting in a 14.2% incre
Purchase Price Provides Shareholders with an 85% Premium to Average Share Price of Last 30 Trading Days AlerisLife Inc. (NASDAQ:ALR) today announced that it has entered into a definitive agreement with ABP Acquisition LLC, or ABP, under which ABP will acquire all of the outstanding shares of ALR common stock for $1.31 per share in cash, which represents an 85% premium to the average trading price of the last 30 trading days of $0.71 per share. The total consideration to be paid to stockholders in the transaction is approximately $43.8 million and is not subject to any financing condition. ABP is majority owned and controlled by Adam Portnoy, one of ALR's managing directors and the chair o
Net Loss Attributable to Common Shareholders of $0.34 Per Share Normalized FFO Attributable to Common Shareholders of ($0.06) Per Share Diversified Healthcare Trust (NASDAQ:DHC) today announced its financial results for the quarter ended September 30, 2022. Jennifer Francis, President and Chief Executive Officer of DHC, made the following statement: "During the third quarter, leasing demand remained strong in our Office Portfolio segment, as we executed 221,000 square feet of new and renewal leases at a 2.4% roll up from prior rents. As a result of the consistent strength in leasing over the past several quarters, same property cash basis NOI in the Office Portfolio segment increased 4.
Combined Sequential Quarter End Occupancy Growth of 180 Basis Points Sequential Quarter Management and Operating Revenues Growth of $1.8 Million, or 4.6% Restructuring Plan on Track as Adjusted EBITDA Improvements Continue AlerisLife Inc. (NASDAQ:ALR) today announced its financial results for the three months ended September 30, 2022. "We continued to make steady progress implementing our plan to improve our operating results and drive efficiencies in our organization throughout the third quarter," said Jeff Leer, President and Chief Executive Officer. "Owned and managed community occupancy increased 290 basis points and 160 basis points, respectively, or 180 basis points across all res
AlerisLife Inc. (NASDAQ:ALR) today announced that Philip Benjamson has been appointed as a Senior Vice President and Chief Operating Officer, effective October 17, 2022. Mr. Benjamson has over 25 years of leadership experience in the senior living, hospitality and multifamily industries, and most recently served as Vice President of Senior Housing Operations for Trinity Health Senior Communities. Previously, Mr. Benjamson was the Chief Operating Officer at Resort Lifestyle Communities from 2018 to 2021 and the Chief Operating Officer at Blake Management Group from 2016 to 2018. "We are excited to round out our executive team with the addition of Philip," said Jeff Leer, President and Chie
AlerisLife Inc. (NASDAQ:ALR) today announced that it will issue a press release containing its third quarter 2022 financial results after the Nasdaq closes on Wednesday, November 2, 2022. On Thursday, November 3, 2022 at 1:00 p.m. Eastern Time, President and Chief Executive Officer Jeff Leer and Senior Vice President, Chief Financial Officer and Treasurer Heather Pereira will host a conference call to discuss these results. The conference call telephone number is (877) 329-4332. Participants calling from outside the United States and Canada should dial (412) 317-5436. No pass code is necessary to access the call from either number. Participants should dial in about 15 minutes prior to the
AlerisLife Inc. (NASDAQ:ALR) today announced that Heather Pereira has been appointed as Senior Vice President, Chief Financial Officer and Treasurer, effective September 19, 2022. Ms. Pereira most recently served as Vice President and Corporate Controller of Acushnet Holdings Corp. since May of 2017. Previously, starting in 2004, Ms. Pereira held several roles within the accounting and finance departments of Acushnet Holdings. Ms. Pereira has over 20 years of accounting and finance experience and holds a Master's degree in Accountancy and Masters of Business Administration from Northeastern University and received a Bachelor of Arts degree from Boston College. "Heather brings vast experie
Occupancy Growth of 110 Basis Points Over Prior Sequential Quarter Net Loss Reduction of 10% Over Prior Sequential Quarter Adjusted EBITDA Improvement of $4.1 Million Over Prior Sequential Quarter Restructuring Plan is Underway to Improve Operating Results AlerisLife Inc. (NASDAQ:ALR) today announced its financial results for the three months ended June 30, 2022. "Our second quarter results reflect progress in critical performance areas," said Jeff Leer, President, Chief Executive Officer and Chief Financial Officer. "Occupancy increased in both the owned and managed senior living communities as we focus on and implement cost reductions. Our second quarter results significantly reduce
Net Loss Attributable to Common Shareholders of $0.46 Per Share Normalized FFO Attributable to Common Shareholders of ($0.04) Per Share Diversified Healthcare Trust (NASDAQ:DHC) today announced its financial results for the quarter ended June 30, 2022. Jennifer Francis, President and Chief Executive Officer of DHC, made the following statement: "Second quarter results demonstrated the continued and encouraging recovery of our senior living portfolio. In our SHOP communities, occupancy improved 60 basis points while NOI increased by $6.3 million from the first quarter, primarily fueled by our operators' ability to increase rate. Office Portfolio leasing activity was strong with a 9.1% ro
SHOP Segment Occupancy Improves 380 Basis Points Year Over Year to 76.3% SHOP Segment Revenues Increase 14.2% Year Over Year Net Loss Attributable to Common Shareholders of $0.27 Per Share Normalized FFO Attributable to Common Shareholders of $0.03 Per Share Diversified Healthcare Trust (NASDAQ:DHC) today announced its financial results for the quarter ended December 31, 2022. Jennifer Francis, President and Chief Executive Officer of DHC, made the following statement: "Fourth quarter results reflected strong year over year improvement in our SHOP segment. Occupancy increased 380 basis points and average monthly rates increased nearly 9% from the prior year, resulting in a 14.2% incre
Net Loss Attributable to Common Shareholders of $0.34 Per Share Normalized FFO Attributable to Common Shareholders of ($0.06) Per Share Diversified Healthcare Trust (NASDAQ:DHC) today announced its financial results for the quarter ended September 30, 2022. Jennifer Francis, President and Chief Executive Officer of DHC, made the following statement: "During the third quarter, leasing demand remained strong in our Office Portfolio segment, as we executed 221,000 square feet of new and renewal leases at a 2.4% roll up from prior rents. As a result of the consistent strength in leasing over the past several quarters, same property cash basis NOI in the Office Portfolio segment increased 4.
Combined Sequential Quarter End Occupancy Growth of 180 Basis Points Sequential Quarter Management and Operating Revenues Growth of $1.8 Million, or 4.6% Restructuring Plan on Track as Adjusted EBITDA Improvements Continue AlerisLife Inc. (NASDAQ:ALR) today announced its financial results for the three months ended September 30, 2022. "We continued to make steady progress implementing our plan to improve our operating results and drive efficiencies in our organization throughout the third quarter," said Jeff Leer, President and Chief Executive Officer. "Owned and managed community occupancy increased 290 basis points and 160 basis points, respectively, or 180 basis points across all res
AlerisLife Inc. (NASDAQ:ALR) today announced that it will issue a press release containing its third quarter 2022 financial results after the Nasdaq closes on Wednesday, November 2, 2022. On Thursday, November 3, 2022 at 1:00 p.m. Eastern Time, President and Chief Executive Officer Jeff Leer and Senior Vice President, Chief Financial Officer and Treasurer Heather Pereira will host a conference call to discuss these results. The conference call telephone number is (877) 329-4332. Participants calling from outside the United States and Canada should dial (412) 317-5436. No pass code is necessary to access the call from either number. Participants should dial in about 15 minutes prior to the
Occupancy Growth of 110 Basis Points Over Prior Sequential Quarter Net Loss Reduction of 10% Over Prior Sequential Quarter Adjusted EBITDA Improvement of $4.1 Million Over Prior Sequential Quarter Restructuring Plan is Underway to Improve Operating Results AlerisLife Inc. (NASDAQ:ALR) today announced its financial results for the three months ended June 30, 2022. "Our second quarter results reflect progress in critical performance areas," said Jeff Leer, President, Chief Executive Officer and Chief Financial Officer. "Occupancy increased in both the owned and managed senior living communities as we focus on and implement cost reductions. Our second quarter results significantly reduce
Net Loss Attributable to Common Shareholders of $0.46 Per Share Normalized FFO Attributable to Common Shareholders of ($0.04) Per Share Diversified Healthcare Trust (NASDAQ:DHC) today announced its financial results for the quarter ended June 30, 2022. Jennifer Francis, President and Chief Executive Officer of DHC, made the following statement: "Second quarter results demonstrated the continued and encouraging recovery of our senior living portfolio. In our SHOP communities, occupancy improved 60 basis points while NOI increased by $6.3 million from the first quarter, primarily fueled by our operators' ability to increase rate. Office Portfolio leasing activity was strong with a 9.1% ro
AlerisLife Inc. (NASDAQ:ALR) today announced that it will issue a press release containing its second quarter 2022 financial results after the Nasdaq closes on Wednesday, August 3, 2022. On Thursday, August 4, 2022 at 1:00 p.m. Eastern Time, President and Chief Executive Officer, Chief Financial Officer and Treasurer Jeff Leer will host a conference call to discuss these results. The conference call telephone number is (877) 329-4332. Participants calling from outside the United States and Canada should dial (412) 317-5436. No pass code is necessary to access the call from either number. Participants should dial in about 15 minutes prior to the scheduled start of the call. A replay of the
AlerisLife Inc. (NASDAQ:ALR) today announced its financial results for the three months ended March 31, 2022. First Quarter Summary of Financial Results: Net loss for the first quarter of 2022 was $9.7 million, or $0.31 per diluted share, compared to net income of $3.3 million, or $0.10 per diluted share, for the first quarter of 2021. Earnings before interest, taxes, depreciation and amortization, or EBITDA, for the first quarter of 2022 was $(5.5) million compared to $6.8 million for the first quarter of 2021. Adjusted EBITDA, as described further below, was $(5.3) million for the first quarter of 2022 compared to $6.9 million for the first quarter of 2021. EBITDA and Adjusted EB
Net Income Attributable to Common Shareholders of $1.01 Per Share Normalized FFO Attributable to Common Shareholders of $(0.09) Per Share Diversified Healthcare Trust (NASDAQ:DHC) today announced its financial results for the quarter ended March 31, 2022. Jennifer Francis, President and Chief Executive Officer of DHC, made the following statement: "During the first quarter, we reported strong sequential quarter NOI growth in our same property SHOP segment, largely driven by increases in rate. In addition, leasing results in our Office Portfolio have remained resilient and are helping to support the overall recovery of our business as the effects of the COVID-19 pandemic wane. Additional
AlerisLife Inc. (NASDAQ:ALR) today announced that it will issue a press release containing its first quarter 2022 financial results after the Nasdaq closes on Tuesday, May 3, 2022. On Wednesday, May 4, 2022 at 1:00 p.m. Eastern Time, President and Chief Executive Officer Katie Potter and Executive Vice President, Chief Financial Officer and Treasurer Jeff Leer will host a conference call to discuss these results. The conference call telephone number is (877) 329-4332. Participants calling from outside the United States and Canada should dial (412) 317-5436. No pass code is necessary to access the call from either number. Participants should dial in about 15 minutes prior to the scheduled s