Mergers & Acquisitions ·
Sonida Senior Living, Inc. filed unaudited pro forma condensed combined statements of operations to update prior…
SNDASonida Senior Living, Inc.
Sonida Senior Living, Inc. filed unaudited pro forma condensed combined statements of operations to update prior disclosures regarding its March 11, 2026 acquisition of CNL Healthcare Properties, Inc. The transaction involved an estimated preliminary purchase price of approximately $1.8 billion, funded by a $1.0 billion debt financing package and $110 million in equity financing from a private placement of roughly 4 million shares. SNDA also settled CHP's existing $566 million credit facilities and induced the conversion of Series A Convertible Preferred Stock into approximately 2 million common shares for $6 million in cash plus warrant extensions. The pro forma results reflect the elimination of CHP's advisory fees, increased depreciation from fair value adjustments, and new interest expenses. Sonida Senior Living operates in the senior housing industry, owning and managing assisted living, memory care, and independent living communities.