Sonida Senior Living (NYSE: SNDA) has announced a definitive merger agreement with CNL Healthcare Properties, which will create a company with 153 owned independent living, assisted living and memory care senior living communities. The transaction involves Dallas-based Sonida acquiring 100% of CNL in a cash and stock transaction valued at about $1.8 billion. “Sonida’s overarching objective is to capitalize on the long-term tailwinds of favorable demographics and supply constraints within senior living by operating and growing a best-in-class owner-operator platform,” Sonida CEO Brandon Ribar stated in a press release.
Read the full article: Sonida, CNL to Join in $1.8B Deal, Creating Eighth-Largest US Senior Living Owner //
Source: https://seniorhousingnews.com/2025/11/05/sonida-cnl-to-join-in-1-8b-deal-creating-eighth-largest-us-senior-living-owner/