DAC Acquisition LLC Completes Acquisition of Diversicare Healthcare Services, Inc.

▤ Summary

The closing follows approval of the transaction by Diversicare’s stockholders at a special meeting held November 18, 2021. As a private company, shares of Diversicare’s common stock will no longer be listed for trading on the OTCQX. Current shareholders whose shares are held in “street name” do not need to take action at this time unless advised to do so by their brokers or unless they are contacted by Computershare, the Paying Agent of DAC. Krieger and Prager LLP and Novack Burnbaum and Crystal LLC are acting as counsel to DAC Acquisition. DAC Acquisition LLC is a privately held Delaware limited liability company of which Ephram Lahasky serves as the Manager.

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