AlerisLife (NASDAQ:ALR), formerly known as Five Star Senior Living, today announced that it has closed a $95 million senior secured term loan with Midcap Funding VIII Trust ("MidCap"), as administrative agent and lender, of which $63 million is currently outstanding. The remaining loan proceeds are subject to a $12 million capital improvements holdback and $20 million becomes available upon achieving certain financial thresholds by mid-2023. The maturity date of the new loan is January 27, 2025 and includes two, one year extensions at AlerisLife's option, to extend the maturity date through January 27, 2026 and January 27, 2027, as applicable, subject to the achievement of certain financial

AlerisLife (NASDAQ:ALR) announced today that President and Chief Executive Officer Katherine Potter is scheduled to participate on a healthcare operator panel at The Stifel 2022 Seniors Housing and Healthcare Real Estate Conference held virtually on Thursday, January 27, 2022. Ms. Potter will participate on a panel session titled, "Winning Strategies in the Post-COVID World" scheduled for Thursday, January 27th at 2:00 PM ET. Those interested in attending can join the session here. About AlerisLife Inc. (NASDAQ:ALR) AlerisLife enriches and inspires the lives of its older adult customers across the United States by delivering an exceptional and enhanced resident experience to senior living

New Brand Reflects Expansions in "Choice Based" Lifestyle Services to Augment Continued Delivery of Exceptional Residential Experience Common Shares Will be Listed on the Nasdaq Under the New Ticker "ALR" Beginning on January 27th Strengthens Management Team with Appointment of Lauren C. Cody as Chief Customer Officer and Michael S. Lopez as Chief People Officer Five Star Senior Living Inc. (NASDAQ:FVE) today announced its rebranding as "AlerisLife Inc.," effective immediately. The Company's common shares will trade on the Nasdaq stock market under the new ticker symbol "ALR" beginning as of the opening of trading on the Nasdaq on January 27, 2022. The Company's new website, alerislife.c

Clinical Collaboration Allows Five Star to Offer Residents a Full Continuum of Care in the Comfort of Their Homes More Than 85% of Five Star Residents in Pilot Program Had No Out-of-Pocket Expenses Five Star Senior Living Inc. (NASDAQ:FVE) today announced a collaboration with DispatchHealth, a leading provider of in-home medical services, to provide on-demand acute care to independent living, assisted living and memory care residents in Five Star communities. The types of services to be provided include treatment for viral or bacterial infections, asthma attacks, wounds, bed sores and pressure ulcers, and minor fractures and sprains. This collaboration will bring on-demand, acute medical

Collaboration Advances Five Star's Commitment to Deliver Differentiated, Customer-Focused Experiences Compass to Assume Management of Dining Services in all Five Star Communities by Year End 2022 Five Star Senior Living Inc. (NASDAQ:FVE) today announced a collaboration with Compass Community Living, a division of Compass Group, a global leader in food and support services, whereby Compass will assume management of dining services operations at all of Five Star's senior living communities. The collaboration advances Five Star's commitment to delivering differentiated, customer-focused experiences. "At Five Star, we are focused on continuously enhancing the resident experience at our commu

Five Star Senior Living Inc. (NASDAQ:FVE) today announced that it has successfully completed the transition of operations for 107 senior living communities owned by Diversified Healthcare Trust (NASDAQ:DHC) and has fully exited the skilled nursing business. Five Star continues to manage 120 senior living communities owned by DHC. Five Star now operates a total of 140 senior living communities, either managed or owned, with approximately 20,000 units, 91% of which are either Independent Living or Assisted Living and the remaining 9% are memory care units, located in 28 states. Five Star's rehabilitation and wellness services segment, primarily comprised of Ageility, a division of Five Star,

107 Communities Transitioned to 10 New Operators Diversified Healthcare Trust (NASDAQ:DHC) today announced that it has completed the management transitions for 107 communities within its Senior Housing Operating Portfolio, or SHOP. Management of the 107 communities was transitioned to 10 regionally focused operators. "We completed the management transitions in our SHOP portfolio to 10 new operators well ahead of the year-end timeline that we announced in April," stated Jennifer Francis, President and Chief Executive Officer of DHC. "This diversified group of new operators was carefully selected to drive performance and maximize value on a community-by-community basis. We also expect that

Owned Communities Sequential Quarter End Occupancy Growth of 280 Basis Points 130 Basis Point Increase in Sequential Quarter End Occupancy in DHC Communities Five Star Will Continue to Manage Completed 69 of 108 Planned Community Transitions and Agreements in Place to Transition Additional 35 Senior Living Communities Throughout the Remainder of 2021 Reported $80.2 million of Unrestricted Cash and Cash Equivalents at Quarter End Five Star Senior Living Inc. (NASDAQ:FVE) today announced its financial results for the three months ended September 30, 2021. Katherine Potter, President and Chief Executive Officer, made the following statement: "For the third quarter of 2021, we reported a

372,106 Square Feet of Leasing Activity at Over 28% Higher Rents During Third Quarter New Agreements for 107 of the Transitioning Communities have been Executed with Transitions Expected to be Completed by Year End Diversified Healthcare Trust (NASDAQ:DHC) today announced its financial results for the quarter ended September 30, 2021. "In the third quarter, we made substantial progress transitioning the management of a number of our senior living communities from Five Star to new third party managers," stated Jennifer Francis, President and Chief Executive Officer of Diversified Healthcare Trust. "As of today, we have signed new management agreements for 107 transitioning communities, an

Awards recognize high school students for designing and leading programs fostering intergenerational connections in their schools and communities Five Star Senior Living (NASDAQ:FVE) today announced the names of five U.S. students who received $5,000 toward college tuition in the Massachusetts Institute of Technology (MIT) AgeLab's sixth annual OMEGA scholarship awards program, which is sponsored by Five Star. The OMEGA scholarships recognize students for leading efforts in their high schools and communities to foster intergenerational connections. Each recipient's school or community partner also received $1,000 to continue its intergenerational efforts. The 2021 OMEGA scholarship winners

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New Brand Reflects Expansions in "Choice Based" Lifestyle Services to Augment Continued Delivery of Exceptional Residential Experience Common Shares Will be Listed on the Nasdaq Under the New Ticker "ALR" Beginning on January 27th Strengthens Management Team with Appointment of Lauren C. Cody as Chief Customer Officer and Michael S. Lopez as Chief People Officer Five Star Senior Living Inc. (NASDAQ:FVE) today announced its rebranding as "AlerisLife Inc.," effective immediately. The Company's common shares will trade on the Nasdaq stock market under the new ticker symbol "ALR" beginning as of the opening of trading on the Nasdaq on January 27, 2022. The Company's new website, alerislife.c

Elects Jennifer B. Clark as Managing Trustee; OPI's Board is Now 50% Comprised of Women Office Properties Income Trust (NASDAQ:OPI) today announced the results of its 2021 Annual Meeting of Shareholders, which was held earlier today, as follows. William A. Lamkin was re-elected as an Independent Trustee. The final tabulation of the percentage of shareholders' votes cast for this Trustee is as follows: Independent Trustee   Percentage of Shares Voted – For William A. Lamkin   96.1% Elena B. Poptodorova was re-elected as an Independent Trustee. The final tabulation of the percentage of shareholders' votes cast for this Trustee is as follows: Independent Trustee   Per

NEWTON, Mass.--(BUSINESS WIRE)--Five Star Senior Living Inc. (Nasdaq:FVE) today announced the results of its 2021 Annual Meeting of Stockholders which was held yesterday as follows. Donna D. Fraiche was 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 Donna D. Fraiche   82.8% Gerard M. Martin was 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 Gerard M. M

Owned Communities Sequential Quarter End Occupancy Growth of 280 Basis Points 130 Basis Point Increase in Sequential Quarter End Occupancy in DHC Communities Five Star Will Continue to Manage Completed 69 of 108 Planned Community Transitions and Agreements in Place to Transition Additional 35 Senior Living Communities Throughout the Remainder of 2021 Reported $80.2 million of Unrestricted Cash and Cash Equivalents at Quarter End Five Star Senior Living Inc. (NASDAQ:FVE) today announced its financial results for the three months ended September 30, 2021. Katherine Potter, President and Chief Executive Officer, made the following statement: "For the third quarter of 2021, we reported a

372,106 Square Feet of Leasing Activity at Over 28% Higher Rents During Third Quarter New Agreements for 107 of the Transitioning Communities have been Executed with Transitions Expected to be Completed by Year End Diversified Healthcare Trust (NASDAQ:DHC) today announced its financial results for the quarter ended September 30, 2021. "In the third quarter, we made substantial progress transitioning the management of a number of our senior living communities from Five Star to new third party managers," stated Jennifer Francis, President and Chief Executive Officer of Diversified Healthcare Trust. "As of today, we have signed new management agreements for 107 transitioning communities, an

Five Star Senior Living Inc. (NASDAQ:FVE) today announced that it will issue a press release containing its third quarter 2021 financial results after the Nasdaq closes on Wednesday, November 3, 2021. On Thursday, November 4, 2021 at 1:00 p.m. Eastern Time, President and Chief Executive Officer Katie Potter, Executive Vice President, Chief Financial Officer and Treasurer Jeff Leer and Executive Vice President and Chief Operating Officer Margaret Wigglesworth 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 acces

Owned and Leased Communities Sequential Spot Occupancy Growth of 150 Basis Points Executed on Strategic Plan by Closing 1,473 Skilled Nursing Facility Units During the Second Quarter Agreements in Place to Transition Management of 76 Senior Living Communities with Approximately 5,200 Living Units to New Operators Throughout Remainder of 2021 Reported $99.3 Million of Unrestricted Cash and Cash Equivalents Five Star Senior Living Inc. (NASDAQ:FVE) today announced its financial results for the three months ended June 30, 2021. Katherine Potter, President and Chief Executive Officer, made the following statement: "During the second quarter, Five Star executed on our Strategic Plan to tra

Second Quarter Net Loss Attributable to Common Shareholders of $0.14 Per Share Second Quarter Normalized FFO Attributable to Common Shareholders of $0.05 Per Share Diversified Healthcare Trust (NASDAQ:DHC) today announced its financial results for the quarter ended June 30, 2021. "In the second quarter of 2021, we reported normalized FFO per share and adjusted EBITDAre of $0.05 and $87.8 million, respectively, both of which improved from the first quarter of 2021," stated Jennifer Francis, President and Chief Executive Officer of Diversified Healthcare Trust. "We have made significant progress on our plan to transition 108 senior living communities from Five Star Senior Living to new man

First Quarter Total Management and Operating Revenues of $50.5 Million First Quarter Net Income of $3.3 Million and Net Income Per Diluted Share of $0.10 Recently Announced Strategic Plan Will Reposition Senior Living Management Business and Completely Exit the Skilled Nursing Business Five Star Senior Living Inc. (NASDAQ:FVE) today announced its financial results for the quarter ended March 31, 2021. Katherine Potter, President and Chief Executive Officer, made the following statement: "Our recently announced strategic business plan is designed to further improve our senior living operations as we reshape our management business to focus on areas of operational strength as well as dir

NEWTON, Mass.--(BUSINESS WIRE)--Five Star Senior Living Inc. (Nasdaq: FVE) today announced its financial results for the quarter ended December 31, 2020. Katherine Potter, President and Chief Executive Officer, made the following statement regarding the fourth quarter 2020 results: "Five Star took a significant step toward recovery from the impact of COVID-19 on December 19, 2020, when we began hosting vaccination clinics in our communities for eligible residents and team members. As of February 20, 2021, Five Star has hosted vaccination clinics in 249 of our 252 communities, and 25,319 Five Star residents and team members have received at least one dose of a vaccine, which is an

NEWTON, Mass.--(BUSINESS WIRE)--Diversified Healthcare Trust (Nasdaq: DHC) today announced that the characterization of dividends for 2020 income tax reporting purposes is as follows: Common Shares   Dividend Allocation   Per Share Section Total Unrecaptured Declaration Record Paid/Payable Dividends Ordinary 199A Qualified Capital Section 1250 Return of Dates Dates Dates Per Share Income Dividend(1) Dividend(2) Gain Gain(3) Capital 01/01/20 01/01/20 01/01/20 $0.25 $0.00 $0.00 $0.00 $0.00 $0.00 $0.25