Diversified Healthcare Trust - McKnight's Senior Living

Diversified Healthcare Trust

Jennifer Francis & Katie Potter hedshots

DHC to transition 108 Five Star senior living communities to other operators by year’s end

Diversified Healthcare Trust will amend its management arrangements with Five Star Senior Living to transition 108 senior living communities, representing approximately 7,500 units, to other operators by the end of 2021. The announcement came Friday as Five Star released a new strategic plan that will see the company exiting the skilled nursing business completely as it shifts its focus to larger senior living communities.

Jennifer Francis & Katie Potter hedshots

Five Star, Diversified Healthcare adopt ‘slow and steady’ response to pandemic

Expense pressures on the senior living industry due to the COVID-19 pandemic are expected to persist in the near term, creating operational headwinds, but a slow and steady response to the crisis will benefit business in the long term, according to Five Star Senior Living and Diversified Healthcare Trust executives during third-quarter earnings calls on Thursday.

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