Diversified Healthcare Trust transitions management of 116 senior living communities

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Diversified Healthcare Trust (Nasdaq: DHC), an RMR client, is marking a strategic milestone as it transitions management of 116 senior living communities to seven experienced regional operators. In an interview with Senior Housing News, DHC President & CEO Chris Bilotto, stated that this transition creates “an opportunity to gain operational synergies through densification with new operators.” With these operator transitions, DHC is positioning its Senior Housing Operating Properties (SHOP) segment for sustained revenue growth and improved NOI, setting the stage for accelerated long-term growth. DHC is pleased to partner with Discovery Senior Living, Sinceri Senior Living, Stellar Senior Living, Phoenix Senior Living, WellQuest Living, Ciel Senior Living, and Tutera Senior Living and Health Care to drive long-term success across its SHOP platform. 🔗 Full story: https://lnkd.in/eUNGNuX9

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Wonderful news. With new beginnings and growth comes new opportunities for seamless communication and optimizing workflows. I'm happy to offer helpful insights from our experience helping large operators increase data insights with similar large acquisitions.

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We can discuss SoCal senior living. Our ulasinc.com is a shareholder of RMR.

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