The merger between Diversified Healthcare Trust (Nasdaq: DHC) and Office Properties Income Trust (Nasdaq: OPI) has been called off, according to a news release issued late Friday afternoon. In April, the companies announced the proposed merger that would have seen OPI acquire all the outstanding common shares from DHC to create a combined entity called […]
Diversified Healthcare Trust
Diversified Healthcare Trust (Nasdaq: DHC) has announced an “event of default” on its $450 million credit facility. The credit facility in question required Diversified to maintain collateral properties at an appraised aggregate value of $1.09 billion. But the value of the REIT’s properties declined from $1.34 billion to $1.05 million following a reappraisal of 61 […]
Diversified Healthcare Trust (Nasdaq: DHC) is merging with Office Properties Income Trust (Nasdaq: OPI), the companies announced this morning. The deal will see OPI acquire all the outstanding common shares of DHC to create a combined entity to be called Diversified Properties Trust. Under the deal, Diversified shareholders will receive 0.147 shares of OPI for […]
Early in 2021, Oaks Senior Living operated a portfolio of nine communities as a family-owned business. Now, the operator is more than four times that size, and it has a new CEO priming it for growth. Oaks, which hit its 25-year anniversary in March, is opening its 39th building in the latter half of 2023 […]
Diversified Healthcare Trust (Nasdaq: DHC) has received a warning from the Nasdaq Stock Market to boost its stock price above $1 per share or face delisting from the index. That’s according to a Jan. 23 public filing from the Newton, Massachusetts-based real estate investment trust (REIT). As is standard when companies face delisting warnings, the […]
While many senior living providers continued the long march towards a pandemic recovery, the industry saw operators innovate with new development, and familiar players in the space face new challenges in 2022. Tackling the “quiet quitting” labor issue and reports of a Brookdale Senior Living (NYSE: BKD) sale led to the most-read top stories on […]
AlerisLife’s (Nasdaq: ALR) restructuring plan is well underway as the company continues to tighten and turn around its operations with its operating margins in mind. The restructuring plan, which is expected to be completed in mid-2023, is aimed at reducing general and administrative costs, enhancing accountability and better supporting the company’s employees, according to management. […]
AlerisLife (Nasdaq: ALR) is cutting some corporate overhead positions and retooling its operations as part of a restructuring effort that is just getting underway. The Newton, Massachusetts-based senior living operator announced the effort in its second-quarter earnings release this week. The restructuring plan, slated to wrap up in the middle of next year, is aimed […]
Stellar Senior Living SVP and Co-Founder Adam Benton has some advice for senior living providers seeking to improve their hiring processes: Apply for a job at McDonald’s. That’s what he did, after hearing so many times that Stellar communities were struggling to compete against fast food restaurants for workers, Benton explained during a recent SHN+ […]
After growing a base of operations during the Covid-19 pandemic, Navion Senior Solutions is turning its focus in 2022 to honing its operations. The Raleigh, North Carolina-based operator grew from a handful of communities to 36 during the Covid-19 pandemic, and that growth is set to continue with one community currently under construction and another […]
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