ABP Acquisitions 2 LLC To Acquire AlerisLife Residential & Community-Based Senior Care

Senior care provider organization AlerisLife is being acquired by ABP Acquisition 2 LLC (ABP) for almost $44 million. The transaction was unanimously recommended by a special committee of the AlerisLife Board of Directors and was approved by the full board. It is expected to be completed in the first quarter of 2023. ABP currently owns 6.1% of AlerisLife shares. Diversified Healthcare Trust holds 31.9% of AlerisLife shares.

AlerisLife provides a portfolio of residential and lifestyle services to older adults. It provides nearly all of its business through two segments: residential and lifestyle. The residential segment operates the AlerisLife . . .