Diversicare Healthcare Services is now privately held following completion of the merger with DAC Acquisition.
The closing follows approval of the transaction by Diversicare’s stockholders last week.
Diversicare provides long-term care services to patients in 61 nursing centers and 7,250 skilled nursing beds.
As a result of the completion of the merger, Diversicare has become wholly owned by DAC Acquisition, and Diversicare stockholders will receive cash equal to $10.10 per share of Diversicare common stock. As a private company, shares of Diversicare’s common stock will no longer list on the OTCQX. Read more.
