Brentwood Capital Advisors Serves as Exclusive Financial Advisor to the board of Diversicare

Brentwood Capital Advisors (“BCA”) is pleased to announce its role in serving as exclusive financial advisor to Diversicare Healthcare Services, Inc. (“Diversicare”) (OTCQX: DVCR), a premier provider of long-term care services to patients in 61 nursing centers. On November 19, 2021, Diversicare announced the completion of the acquisition by merger of Diversicare by DAC Acquisition LLC (“DAC”) following stockholder approval of the transaction at a special meeting.

BCA served as financial advisor to Diversicare in connection with the merger, delivered a fairness opinion to the Board of Directors, and conducted a go-shop solicitation of alternative acquisition proposals following execution of the definitive merger agreement.

Diversicare’s stockholders received an amount of cash equal to $10.10 per share of common stock. This price per share represented a premium of approximately 256% to the closing price of $2.84 for Diversicare’s common stock on August 19, 2021, the last trading day prior to announcement of the acquisition proposal.

“BCA did a great job providing valuable guidance, insightful analysis, and sound advice as the Board of Directors navigated the acquisition and post-signing go-shop process,” said Jay McKnight, President and CEO of Diversicare.

“The Board identified an excellent partner and negotiated a transaction that was in the best interests of stockholders,” said Michael Ory, Managing Director at BCA.  “We appreciated the chance to work with Diversicare’s talented Board and executives, and we are confident Jay and the team will position the integrated DAC and Diversicare platform to enjoy future growth.”

About Brentwood Capital Advisors

Brentwood Capital Advisors is one of the nation’s premier independent investment banks, specializing in providing innovative, actionable, and no-conflict strategic and financial advice on mergers and acquisitions, recapitalizations, corporate divestitures, and growth capital to growth-oriented, middle market Healthcare Services, Healthcare Technology, and Business Services companies since 1999. For more information, visit www.brentwoodcapital.com.

About Diversicare Healthcare Services

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.