AlerisLife Announces Closing of Tender Offer

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Mar 20, 2023

AlerisLife+Inc.+%28Nasdaq%3A+ALR%29 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.