ALR - ALR STOCK NEWS

Diversified Healthcare Trust (Nasdaq: DHC) reported a net loss attributable to common shareholders of $65.3 million, or $0.27 per share, for Q4 2022. However, the SHOP segment showed a promising occupancy increase of 380 basis points year-over-year to 76.3%, contributing to a 14.2% rise in revenues. Normalized Funds From Operations (FFO) were positive at $0.03 per share. The company amended its credit facility in February 2023, extending waiver terms, which is aimed at enhancing property investments. DHC's total assets stood at approximately $6 billion with significant liquidity of $688.3 million in cash and equivalents.

AlerisLife Inc. (Nasdaq: ALR) has agreed to be acquired by ABP Acquisition LLC for $1.31 per share, an 85% premium over its recent average price of $0.71. The total transaction value is approximately $43.8 million, with no financing conditions attached. ABP, controlled by ALR's managing director Adam Portnoy, owns about 6.1% of ALR's shares, while Diversified Healthcare Trust (DHC) holds approximately 31.9% and has consented to the deal. The tender offer is expected to launch soon, with the completion aimed for Q1 2023. The acquisition has been unanimously approved by ALR's Board of Directors, with Citigroup as the financial advisor.

AlerisLife Inc. (Nasdaq: ALR) reported its Q3 2022 financial results, showcasing a net loss of $8.5 million, slightly improved from $8.8 million in Q2 2022. The company observed a sequential occupancy growth of 290 basis points in owned senior living communities and 160 basis points in managed communities. Adjusted EBITDA reached $(0.5) million, compared to $(1.3) million in Q2. The restructuring plan is ongoing, with $3.8 million invested in capital improvements and a robust cash position of $79.1 million.

New executive appointments include a CFO and COO, aiming to enhance operational efficiency.

Diversified Healthcare Trust (NASDAQ: DHC) reported a net loss of $81.5 million or $0.34 per share for Q3 2022, reflecting ongoing challenges in its senior housing operating portfolio (SHOP). Despite a strong leasing performance in its office segment, with a 4.7% increase in same property cash basis NOI year-over-year, the SHOP segment faced significant operating expenses due to Hurricane Ian and inflationary pressures. As of September 30, 2022, DHC maintained liquidity with $800.8 million in cash and no significant debt maturities until 2024.

AlerisLife Inc. (Nasdaq: ALR) announced the appointment of Philip Benjamson as Senior Vice President and Chief Operating Officer, effective October 17, 2022. With over 25 years in the senior living and hospitality sectors, Benjamson previously held leadership roles at Trinity Health Senior Communities and Resort Lifestyle Communities. CEO Jeff Leer expressed confidence in Benjamson's ability to enhance operations and support the company's restructuring plan aimed at improving business performance.

AlerisLife Inc. (Nasdaq: ALR) announced the release of its third quarter 2022 financial results, scheduled for November 2, 2022, after Nasdaq closes. A conference call will be hosted on November 3, 2022, at 1:00 p.m. ET by CEO Jeff Leer and CFO Heather Pereira to discuss the results. Participants can join via phone or a live audio webcast available on the company's website. An archived version will be accessible after the call.

AlerisLife Inc. (Nasdaq: ALR) announced the appointment of Heather Pereira as Senior Vice President, Chief Financial Officer, and Treasurer, effective September 19, 2022. Pereira, who has over 20 years of accounting experience, previously served as Vice President and Corporate Controller at Acushnet Holdings Corp. Jeff Leer, President and CEO of AlerisLife, expressed confidence in Pereira's ability to lead financial operations and improve the company’s performance during its restructuring phase. She replaces Leer, who held the CFO position along with his other roles.

Diversified Healthcare Trust (Nasdaq: DHC) reported a net loss of $109.4 million or $0.46 per share for Q2 2022, despite a $6.3 million increase in NOI driven by improved senior living occupancy. The company achieved a 23.3% rise in adjusted EBITDAre and saw a 9.1% increase in rental rates on a segment of their Office Portfolio. However, normalized FFO was negative at ($10.4 million) or ($0.04) per share. The balance sheet strengthened with a $108 million equity sale and a $500 million redemption of senior notes, reducing interest expenses by approximately $49 million.

AlerisLife Inc. (ALR) reported its second quarter 2022 financial results, showing occupancy growth of 110 basis points sequentially and a net loss reduction of 10% compared to the prior quarter. Adjusted EBITDA improved by $4.1 million over the previous quarter. The company is implementing a restructuring plan aimed at reducing operating expenses and enhancing profitability, with $83.5 million in cash on hand and no debt obligations until 2025. Significant increases in RevPAR were observed across both owned and managed communities, indicating a positive trend in revenue generation.