---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-043838"
form_type: "8-K"
ticker: "DHC"
cik: "0001075415"
company_name: "DIVERSIFIED HEALTHCARE TRUST"
filed_at: "2023-04-11T23:59:59+00:00"
generated_at: "2026-06-17T03:27:59.203120+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Diversified Healthcare Trust to Merge with Office Properties Income Trust in All-Share Transaction

## Summary
- DHC shareholders will receive 0.147 OPI shares per DHC share, a 20% premium to DHC's 30-trading day average closing price.
- Combined company expected to pay quarterly distribution of $0.25 per share, a 267% increase from DHC's current $0.01 quarterly dividend.
- Merger expected to close in Q3 2023, subject to approval by DHC and OPI shareholders and other customary conditions.
- Transaction unanimously approved by special committees of both Boards and will be managed by The RMR Group.
- Combined entity will be named Diversified Properties Trust and trade on Nasdaq; DHC shareholders to own about 42%.

## SEC filing metadata
- accession: 0001104659-23-043838
- form_type: 8-K
- ticker: DHC
- cik: 0001075415
- company_name: DIVERSIFIED HEALTHCARE TRUST
- filed_at: 2023-04-11T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1075415/000110465923043838/0001104659-23-043838-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1075415/000110465923043838/tm2312244d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-043838
- JSON: https://secwatch.observer/filing/0001104659-23-043838.json
- Plain text: https://secwatch.observer/filing/0001104659-23-043838.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.