ABP Acquisition Agrees To Acquire AlerisLife For $1.31 Per Share
$ALR
Hospital/Nursing Management
Health Care
ABP Acquisition Agrees To Acquire AlerisLife For $1.31 Per Share
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4 - AlerisLife Inc. (0001159281) (Issuer)
4 - AlerisLife Inc. (0001159281) (Issuer)
4 - AlerisLife Inc. (0001159281) (Issuer)
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 As of the expiration, 22,375,687 shares had been validly tendered and not validly withdrawn from the tender offer, representing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
Gainers Reshape Lifesciences (NASDAQ:RSLS) stock moved upwards by 163.5% to $16.6 during Friday's regular session. As of 12:30 EST, Reshape Lifesciences's stock is trading at a volume of 8.2 million, which is 3041.7% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $8.6 million. Genetic Technologies (NASDAQ:GENE) stock increased by 73.76% to $1.75. Trading volume for this security as of 12:30 EST is 78.1 million, which is 39719.3% of its average full-day volume over the last 100 days. The market value of their outstanding shares is at $27.0 million. Heart Test Laboratories (NASDAQ:HSCS) shares rose 62.05% to $2.3. As of 12:30 EST, t
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
15-12G - AlerisLife Inc. (0001159281) (Filer)
EFFECT - AlerisLife Inc. (0001159281) (Filer)
EFFECT - AlerisLife Inc. (0001159281) (Filer)
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
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