NEWTON, Mass.--(BUSINESS WIRE)--AlerisLife Inc. (Nasdaq: ALR) today announced that ABP Acquisition LLC, or ABP, has successfully completed the previously announced tender offer to acquire all outstanding shares of the common stock of ALR for $1.31 per share in cash. $1.31 per share represents an 85% premium to the 30-day average trading price prior to the tender announcement. The tender offer expired at one minute after 11:59 p.m., Eastern Time, on March 17, 2023.

Mon, Mar. 20, 2023

For Healthcare REITs - the physical epicenter of the pandemic - the road to recovery has remained inconsistent across its distinct sub-sectors, with "private-pay" segments now showing notable improvement while "public-pay" segments relapse. Public-pay segments - Hospital and Skilled-Nursing - have seen a re-intensification of tenant operator issues amid pressure from soaring labor costs and waning government fiscal support, triggering some missed rents and lease renegotiations.

Thu, Mar. 09, 2023

U.S. equity markets rebounded following their worst week of the year as investors parsed data showing surprising resilience in global economic activity this winter despite stiff interest rate headwinds. Snapping a three-week skid and notching its best week since late January, the S&P 500 advanced 2.0% this week, while the tech-heavy Nasdaq 100 rallied nearly 3%.

Sun, Mar. 05, 2023

NEW ORLEANS--(BUSINESS WIRE)--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 AlerisLife Inc. (NasdaqCM: ALR) to ABP Acquisition LLC. Under the terms of the proposed transaction, shareholders of AlerisLife will receive $1.31 in cash for each share of AlerisLife that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company. If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nasdaqcm-alr/ to learn more. Please note that the merger is structured as a tender offer, such that time may be of the essence. To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.

Fri, Feb. 24, 2023

NEW YORK--(BUSINESS WIRE)---- $ALR #classaction--Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating whether the Board of Directors of AlerisLife Inc. ("AlerisLife" or the "Company") (NASDAQ: ALR) breached their fiduciary duties in connection with the proposed sale of the Company to ABP Acquisition LLC (“ABP”). Under the terms of the agreement, the Company's shareholders will receive $1.31 in cash for each share of AlerisLife common stock owned.

Thu, Feb. 16, 2023