Sonida Completes $1.8 Billion Merger With CNL Healthcare Properties-March 2024-www.financetom.com

Sonida Completes $1.8 Billion Merger With CNL Healthcare Properties

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Sonida Completes $1.8 Billion Merger With CNL Healthcare Properties

Mar 11, 2026 5:34 AM

08:11 AM EDT, 03/11/2026 (MT Newswires) -- Sonida Senior Living ( SNDA ) said Wednesday it has completed its merger with CNL Healthcare Properties in a cash and stock transaction valued about $1.8 billion.

Following the transaction, the combined company owns 153 independent living, assisted living and memory care communities with about 14,700 owned units, making it the eighth-largest owner of US senior living assets.

Under the terms of the deal, CNL shareholders received $7.22 per share, based on an exchange ratio of 0.1318 shares at the closing price on March 10 and $2.32 in cash.

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