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AlerisLife Inc. (Nasdaq: ALR) will release its fourth quarter 2021 financial results after market close on February 23, 2022. A conference call to discuss these results will be hosted by CEO Katie Potter and CFO Jeff Leer on February 24, 2022, at 1:00 p.m. EST. Participants can access the call at (877) 329-4332 in the U.S. and (412) 317-5436 internationally. A replay will be available until March 3, 2022. The live audio webcast will also be accessible on the company's website, with archives available post-call.
AlerisLife (Nasdaq: ALR) has successfully closed a $95 million senior secured term loan with MidCap Funding VIII Trust. Currently, $63 million is outstanding, with an additional $12 million contingent on capital improvements and $20 million tied to specific financial benchmarks. The loan matures on January 27, 2025, with options to extend. AlerisLife aims to utilize this liquidity for strategic investments and to enhance shareholder value, declaring over $100 million in unrestricted cash at loan closing.
AlerisLife (Nasdaq: ALR) announced that President and CEO Katherine Potter will participate in a panel at The Stifel 2022 Seniors Housing and Healthcare Real Estate Conference on January 27, 2022, at 2:00 PM ET. The session, titled “Winning Strategies in the Post-COVID World,” focuses on strategies for healthcare operators in the evolving landscape post-pandemic. The conference will be held virtually, and interested participants can attend by following the provided link.
AlerisLife Inc., formerly known as Five Star Senior Living, announces its rebranding and new Nasdaq ticker symbol ALR, effective January 27, 2022. The company aims to enhance its lifestyle services for both senior living and younger consumers, emphasizing choice-based options. This transition includes hiring Lauren C. Cody as Chief Customer Officer and Michael S. Lopez as Chief People Officer. The rebranding reflects a strategic shift towards diversified service offerings, including partnerships with health and dining providers.
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