BRIEF-Diversified Healthcare Trust Agrees To Amend Management Agreements With Five Star Senior Living Inc

Reuters

09 Apr 2021

April 9 (Reuters) - Diversified Healthcare Trust :

* DIVERSIFIED HEALTHCARE TRUST AGREES TO AMEND MANAGEMENT AGREEMENTS WITH FIVE STAR SENIOR LIVING INC.

* DIVERSIFIED HEALTHCARE TRUST - FIVE STAR WILL COOPERATE WITH DHC IN TRANSITIONING 108 SENIOR LIVING COMMUNITIES

* DIVERSIFIED HEALTHCARE TRUST - FIVE STAR WILL CONTINUE TO MANAGE 120 SENIOR LIVING COMMUNITIES WITH APPROXIMATELY 18,000 LIVING UNITS FOR DHC

* DIVERSIFIED HEALTHCARE TRUST - TERM OF MANAGEMENT AGREEMENTS BETWEEN DHC AND FIVE STAR WILL BE EXTENDED BY TWO YEARS TO DECEMBER 31, 2036

* DIVERSIFIED HEALTHCARE TRUST - DHC'S PERFORMANCE TERMINATION RIGHTS WILL BE CHANGED FOR 120 RETAINED SENIOR LIVING COMMUNITIES

Source text for Eikon: Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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