FVE - Diversified Healthcare Trust provides business updates amends credit facilities

Diversified Healthcare Trust's (DHC) senior housing operating portfolio ((SHOP)) Five Star Senior Living (FVE) partnered with CVS to administer vaccines to SHOP community residents and staff and it expects to complete vaccinations at its communities by 1Q21 end.As of Jan.29, more than 65% of residents and more than 30% of staff at DHC's SHOP communities, have received vaccinations.For the months ended Sept. 30, Oct. 31, Nov. 30 and Dec. 31, 2020, average occupancies in DHC's SHOP segment stood at 74.5%, 73.8%, 72.5%, and 70.7%, respectively.Rolling four-week average sales leads as of Jan. 24, 2021 stood at 83% higher than the rolling four-week average sales leads at the beginning of 4Q20.Agreements governing DHC's revolving credit and term loan facilities wherein certain financial covenants have been waived through June 30, 2022.Also, it has an additional option to extend the maturity of the revolving credit facility to January 2024 with commitments being reduced from $1B

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Diversified Healthcare Trust provides business updates, amends credit facilities