Diversicare Healthcare Services, a provider of long-term care services, has entered into a definitive merger agreement with DAC Acquisition. DAC will acquire all of the outstanding common stock of Diversicare for $10.10 per share in cash. The price per share represents a premium of approximately 256% to the closing price of $2.84 for Diversicare’s common stock on Aug. 19.
Diversicare provides long-term care services to patients in 61 nursing centers and 7,250 skilled nursing beds. Read more.
