Five Star Quality Care Announces Proposed Public Offering of 10M Common Shares

Five Star Quality Care, Inc. FVE today announced that it commenced a public offering of 10,000,000 common shares. FVE expects to use the proceeds of this offering for general business purposes, including repaying its outstanding bridge loan and for funding in part the cash purchase price of pending acquisitions and other possible future acquisitions. It is contemplated that the underwriters will also be granted a 30-day option to purchase up to an additional 1,500,000 common shares to cover over-allotments, if any.