Christopher Bilotto, president and CEO of DHC
2023 was a “pivotal year” for Diversified Healthcare Trust as the company made “significant” progress in operational performance across its portfolio, setting 2024 up for the pursuit of capital investment opportunities, company executives said Tuesday.
In December, the Newton, MA-based real estate investment trust took steps to support its growth by repaying in full all $700 million of its outstanding debt maturing in 2024, simultaneously regaining debt covenant compliance. As a result, DHC noted in a supplemental report that the conditions that created the substantial doubt about its ability to continue as a going concern “have been alleviated.”
DHC saw change at the top on Jan. 1 with the retirement of President and CEO Jennifer Francis. She was succeeded by Christopher Bilotto, former president…
