DAC Acquisition LLC Completes Acquisition of Diversicare Healthcare Services, Inc.
19 Novembro 2021 - 6:05PM
Business Wire
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 voted in favor of the
merger transaction.
As a result of the completion of the merger, Diversicare has
become wholly owned by DAC Acquisition LLC, and Diversicare’s
stockholders will receive an amount of cash equal to $10.10 per
share of Diversicare common stock. As a private company, shares of
Diversicare’s common stock will no longer be listed for trading on
the OTCQX.
Diversicare will continue to be managed by its current
management team consisting of Jay McKnight, President and CEO;
Becky Bodie, Executive Vice President and COO; and Kerry Massey,
Executive Vice President and CFO.
Current shareholders whose shares are held in “street name” do
not need to take action at this time unless advised to do so by
their brokers or unless they are contacted by Computershare, the
Paying Agent of DAC.
Advisors
Brentwood Capital Advisors LLC is acting as financial advisor
and Bass Berry & Sims PLC is acting as legal counsel to
Diversicare. Krieger and Prager LLP and Novack Burnbaum and Crystal
LLC are acting as counsel to DAC Acquisition.
About Diversicare
Diversicare provides long-term care services to patients in 61
nursing centers and 7,250 skilled nursing beds. For additional
information about the Company, visit Diversicare's web site:
www.DVCR.com.
About DAC Acquisition LLC
DAC Acquisition LLC is a privately held Delaware limited
liability company of which Ephram Lahasky serves as the Manager.
Mr. Lahasky, who has owned and operated Ambulance and Ambulette
services since 1990, has significant affiliations with in excess of
100 owned and/or leased skilled nursing and similar centers in over
20 states.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20211119005689/en/
Company Contact: James R. McKnight, Jr. Chief Executive Officer
615-771-7575 Investor Relations: Kerry D. Massey Chief Financial
Officer 615-771-7575
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