DIVERSIFIED HEALTHCARE TRUST 8-K

What Happened
Diversified Healthcare Trust (DHC) announced that, effective December 31, 2025, it completed the previously disclosed transition of management for 116 senior living communities formerly managed by AlerisLife Inc. The company and AlerisLife mutually terminated their management agreements for those communities. A copy of the termination agreement is filed as Exhibit 10.1 to the 8-K.

Key Details

• The management transition and mutual termination were completed on December 31, 2025.
• 116 senior living communities previously managed by AlerisLife were moved to seven different third‑party managers.
• The termination agreement among AlerisLife, FVE Managers, Inc., DHC and certain subsidiaries is attached as Exhibit 10.1 to the filing.

Why It Matters
This filing documents a completed operational change: DHC no longer has AlerisLife managing these 116 communities and instead has new third‑party managers in place. For investors, this may affect how those properties are operated and overseen; any impact on revenue, expenses or fees would be disclosed in future filings or company updates. Investors should watch for follow‑on disclosures that quantify financial effects or outline new management arrangements.