DIVERSICARE HEALTHCARE SERVICES overview

Diversicare Healthcare Services, Inc. (“Diversicare”) (OTCQX: DVCR), today announced the completion of the previously announced acquisition by merger of Diversicare by DAC Acquisition LLC. The closing follows approval of the transaction by Diversicare’s stockholders at a special meeting held November 18, 2021. Over 99% of the Diversicare common stock represented in person or by proxy at the special meeting, and over 89% of the total number of Diversicare common stock outstanding, were...

DIVERSIFIED HEALTHCARE INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Diversicare Healthcare Services, Inc. - DVCR PR Newswire NEW ORLEANS, Sept. 21, 2021 NEW ORLEANS , Sept. 21, 2021 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Diversicare Healthcare Services, Inc. (the...

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Diversicare Healthcare Services, Inc. (the “Company”) (OTC: DVCR) to DAC Acquisition LLC. Under the terms of the proposed transaction, shareholders of Diversicare will receive only $10.10 in cash for each share of Diversicare that they own. KSF is seeking to determine whether this consideration and the process that led to it are...

Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Diversicare Healthcare Services, Inc. (OTCQX: DVCR) to DAC Acquisition LLC for $10.10 per share in cash is fair to Diversicare Healthcare shareholders. Halper Sadeh encourages Diversicare Healthcare shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or [email protected] or [email protected] . The investigation...

SHAREHOLDER ALERT: WeissLaw LLP Investigates Diversicare Healthcare Services, Inc. PR Newswire NEW YORK, Aug. 27, 2021 NEW YORK , Aug. 27, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Diversicare Healthcare Services, Inc. ("Diversicare" or the "Company") (OTC: DVCR) in connection with the proposed acquisition of the Company by DAC Acquisition LLC. Under the terms of the merger agreement, the...

Diversicare Healthcare Services, Inc. (the “Company”) (OTCQX: DVCR), a premier provider of long-term care services, today announced that it has entered into a definitive merger agreement with DAC Acquisition LLC, under which DAC Acquisition LLC will acquire all of the outstanding shares of common stock of Diversicare for $10.10 per share in cash. The price per share to be paid in the transaction, which was unanimously approved by the Diversicare Board of Directors, represents a premium of...

Diversicare Healthcare Services, Inc. (the “Company”) (OTCQX: DVCR), a premier provider of long-term care services, today responded to the August 19, 2021, letter received from MCS Plan and Ephram Lahasky (the “Reporting Persons”) pursuant to which the Reporting Persons informed the Company of their interest in acquiring control of the Company. The letter from DAC Acquisition LLC, which is an entity managed by Mr. Lahasky, proposes to acquire all of the outstanding common stock of the...

Diversicare Healthcare Services, Inc. (OTCQX: DVCR), a premier provider of long-term care services, today announced its results for the second quarter ended June 30, 2021. Second Quarter 2021 Highlights Net income from continuing operations was $2.9 million, or $0.43 per share, in the second quarter of 2021, compared to net income from continuing operations of $1.8 million, or $0.28 per share, in the second quarter of 2020. EBITDA for the quarter was $6.7 million, which was a $1.2 million...