BRIEF-Sonida Senior Living Announces Strategic Merger with CNL Healthcare Properties, Inc. in a Stock and Cash Transaction Valued at Approximately $1.8 Billion, Creating $3 Billion Pure-Play Senior Ho-March 2024-www.financetom.com

BRIEF-Sonida Senior Living Announces Strategic Merger with CNL Healthcare Properties, Inc. in a Stock and Cash Transaction Valued at Approximately $1.8 Billion, Creating $3 Billion Pure-Play Senior Ho

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Nov 5, 2025 5:09 AM

Nov 5 (Reuters) - Sonida Senior Living Inc ( SNDA ):

* SONIDA SENIOR LIVING ANNOUNCES STRATEGIC MERGER WITH CNL

HEALTHCARE PROPERTIES, INC. IN A STOCK AND CASH TRANSACTION

VALUED AT APPROXIMATELY $1.8 BILLION, CREATING $3 BILLION

PURE-PLAY SENIOR HOUSING OWNER-OPERATOR

* SONIDA SENIOR LIVING INC ( SNDA ): PROPOSED DEAL EQUATES TO $6.90

PER

SHARE OF CHP

* SONIDA SENIOR LIVING INC ( SNDA ) - CEO BRANDON RIBAR TO LEAD

COMBINED

COMPANY

* SONIDA SENIOR LIVING ( SNDA )- DEAL EXPECTED TO BE IMMEDIATELY

ACCRETIVE

TO NORMALIZED FFO WITH ESTIMATED ANNUAL COST SYNERGIES OF ABOUT

$16 - 20 MILLION

* SONIDA SENIOR LIVING INC ( SNDA ) - DEAL FUNDED WITH 66% STOCK AND

34%

CASH

* SONIDA SENIOR LIVING ( SNDA ): CONVERSANT & SILK PARTNERS TO

ACQUIRE

NEWLY ISSUED SHARES OF SONIDA COMMON EQUITY TOTALING $110

MILLION AT REFERENCE PRICE

* SONIDA SENIOR LIVING ( SNDA ): CO OBTAINED COMMITTED, UPSIZED

REVOLVING

CREDIT FACILITY OF $300 MILLION, WHICH WILL REPLACE ITS EXISTING

REVOLVER UPON CLOSING

Source text:

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