Diversified Healthcare Completes Senior Living Management Transitions

Key Facts

These management transitions were completed as part of the agreement between DHC and Five Star Senior Living Inc. (Nasdaq: FVE), or Five Star, to transition 108 communities from Five Star to other third-party operators as previously announced.
For example: * Ms. Francis’s statements regarding DHC’s new operators and Five Star may imply that DHC’s SHOP communities will achieve similar or better results of operations as a result of the management transitions.
The results of operations for the transitioned senior living communities may not improve under the management of new operators and the results of operations for the 120 senior living communities that Five Star will continue to manage for DHC may not improve as a result of the transition as DHC currently expects, and the results of operations of any or all of DHC’s senior living communities may decline, including for reasons beyond DHC’s, the new operators’ or Five Star’s control.
The information contained in DHC’s filings with the Securities and Exchange Commission, or SEC, including under “Risk Factors” in DHC’s periodic reports, or incorporated therein, identifies other important factors that could cause DHC’s actual results to differ materially from those stated in or implied by DHC’s forward-looking statements.