DHC to transition 116 managed senior living communities to 7 operators; expects $25-40M from AlerisLife wind-down

DIVERSIFIED HEALTHCARE TRUST

AlerisLife selling all assets, winding down by H1 2026; DHC expects net proceeds of $25-40M for its 34% stake.
Transition of management agreements for 116 DHC-owned senior living communities to seven operators, closing by year-end.
New operators making performance-based investments; DHC expects operational efficiencies and improved NOI growth in SHOP segment.
Proceeds to be used to reduce leverage and reinvest in SHOP segment for long-term growth.

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