Diversified Healthcare Trust names Matthew Brown CFO

Diversified Healthcare Trust announced changes to its Board of Trustees and executive leadership team, and other actions to address its near term capital needs, including DHC‘s pending debt maturities. Phyllis Hollis has been appointed as an Independent Trustee of the DHC Board, effective September 26, 2023. Ms. Hollis previously worked as an executive at an investment bank and has extensive experience in finance and executing capital markets transactions. Ms. Hollis will serve on DHC’s Audit Committee as well as its Compensation Committee, which she will chair. Adam Portnoy, Chair of DHC’s Board, made the following statement: “On behalf of the DHC Board, I am excited to welcome Phyllis as our newest Board member. Phyllis is a recognized industry veteran with substantial executive and finance experience. We look forward to drawing on her insights and perspectives as we consider alternatives to address DHC’s near term financing needs and generally oversee DHC’s path forward.” In addition, DHC has appointed Matthew Brown as Chief Financial Officer and Treasurer, effective October 1, 2023.