---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-044625"
form_type: "8-K"
ticker: "DHC"
cik: "0001075415"
company_name: "DIVERSIFIED HEALTHCARE TRUST"
filed_at: "2023-04-12T23:59:59+00:00"
generated_at: "2026-06-17T02:55:01.298628+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# DHC to merge with OPI; DHC shareholders receive 0.147 OPI shares each, OPI renamed

## Summary
- Merger: DHC merges into OPI; DHC shareholders get 0.147 OPI shares per DHC share; OPI renamed Diversified Properties Trust.
- Conditions include approvals from DHC and OPI shareholders, regulatory clearance, OPI credit facility extension/replacement, tax opinions; target close by Sep 29, 2023.
- Termination fees: DHC pays $5.9M if terminates for superior proposal; OPI pays $11.2M.
- OPI secured $368M bridge commitment from JPMorgan to finance the merger.
- RMR waives termination fees under management agreements upon merger close.

## SEC filing metadata
- accession: 0001104659-23-044625
- form_type: 8-K
- ticker: DHC
- cik: 0001075415
- company_name: DIVERSIFIED HEALTHCARE TRUST
- filed_at: 2023-04-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1075415/000110465923044625/0001104659-23-044625-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1075415/000110465923044625/tm2312244d3_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-044625
- JSON: https://secwatch.observer/filing/0001104659-23-044625.json
- Plain text: https://secwatch.observer/filing/0001104659-23-044625.txt

## Key facts
- Material Agreements
  DIVERSIFIED HEALTHCARE TRUST entered into Agreement and Plan of Merger with Office Properties Income Trust (effective 2023-04-11).
  - Action: entry
  - Agreement: merger
  - Counterparty: Office Properties Income Trust
  - Effective: 2023-04-11
  source text: On April 11, 2023, we and Office Properties Income Trust, or OPI, entered into an Agreement and Plan of Merger, or the Merger Agreement, pursuant to which, on the terms and subject to the satisfaction or waiver of the conditions thereof, we will be merged with and into OPI, with OPI continuing as the surviving entity in the merger, or the Merger.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1075415/000110465923044625/0001104659-23-044625-index.htm

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