Business Wire | Sep 14, 2021 05:41PM EDT

DIVERSIFIED HEALTHCARE INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Diversicare Healthcare Services, Inc. - DVCR

Sep. 14, 2021

NEW ORLEANS--(BUSINESS WIRE)--Sep. 14, 2021--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Diversicare Healthcare Services, Inc. (the "Company") (OTC: DVCR) to DAC Acquisition LLC. Under the terms of the proposed transaction, shareholders of Diversicare will receive only $10.10 in cash for each share of Diversicare that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/otc-dvcr/ to learn more.

To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.

Kahn Swick & Foti, LLC 1100 Poydras St., Suite 3200 New Orleans, LA 70163

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CONTACT: Kahn Swick & Foti, LLC Lewis S. Kahn lewis.kahn@ksfcounsel.com 855-768-1857