Diversified Healthcare Completes Senior Living Management Transitions
107 Communities Transitioned to 10 New 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
These management transitions were completed as part of the agreement between
WARNING REGARDING FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. Also, whenever DHC uses words such as “believe”, “expect”, “anticipate”, “intend”, “plan”, “estimate”, “will”, “may” and negatives or derivatives of these or similar expressions, DHC is making forward-looking statements. These forward-looking statements are based upon DHC’s present intent, beliefs or expectations, but forward-looking statements are not guaranteed to occur and may not occur. Actual results may differ materially from those contained in or implied by DHC’s forward-looking statements as a result of various factors. Forward-looking statements involve known and unknown risks, uncertainties and other factors, some of which are beyond DHC's control. 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.
- DHC may not be successful in finding a redevelopment opportunity for the remaining senior living community, and any redevelopment opportunity DHC may pursue may not achieve anticipated results.
The information contained in DHC’s filings with the
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Except as required by law, DHC does not intend to update or change any forward-looking statements as a result of new information, future events or otherwise.
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