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.

Business briefs for Friday, Oct. 16

Diversified Healthcare Trust declares third-quarter dividend of 1 cent per share … Sims helps secure $38M in financing for Presbyterian Villages of Michigan’s independent living expansion … Strawberry Fields REIT acquires Illinois SNF for $4M … Ohio group opens two new assisted living communities … Vitality Living expands into Mississippi with 117-unit senior living community … Consider these top 25 Best Places to Live and Best Places to Retire lists when evaluating where to locate your next senior living community

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