---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-086699"
form_type: "8-K"
ticker: "DHC"
cik: "0001075415"
company_name: "DIVERSIFIED HEALTHCARE TRUST"
filed_at: "2025-09-03T23:59:59+00:00"
generated_at: "2026-05-17T08:26:10.604116+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-086699
- form_type: 8-K
- ticker: DHC
- cik: 0001075415
- company_name: DIVERSIFIED HEALTHCARE TRUST
- filed_at: 2025-09-03T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1075415/000110465925086699/0001104659-25-086699-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1075415/000110465925086699/tm2525088d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-086699
- JSON: https://secwatch.observer/filing/0001104659-25-086699.json
- Plain text: https://secwatch.observer/filing/0001104659-25-086699.txt

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