Five Star Senior Living Announces Progress on Its Strategic Plan and Business Updates

Sep 13, 2021

Five+Star+Senior+Living+Inc.+%28Nasdaq%3A+FVE%29, or Five Star, today announced progress on its strategic plan and provided certain business updates. August month end occupancy in Five Star’s owned communities was 73.7%, an increase of 320 basis points compared to July month end occupancy. August average occupancy in Five Star’s owned communities was 70.0%, an increase of 80 basis points compared to the July average occupancy. In the 120 communities Five Star will continue to manage for Diversified Healthcare Trust (Nasdaq: DHC), or the retained communities, August month end occupancy was 74.7%, an increase of approximately 100 basis points compared to the July month end occupancy. August average occupancy in the retained communities was 73.4%, an increase of 50 basis points compared to July average occupancy.

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