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.

On August 10, 2026, Sonida Senior Living entered into an Exchange Agreement with Conversant Investors to resolve litigation challenging the validity of a March conversion of Series A Preferred Stock. The Company nullified prior amendments and issued 41,250 shares of new Series B Convertible Preferred Stock, which were immediately converted into 1,601,505 shares of Common Stock at a $32.00 per share price. No cash payment was made in this transaction, and the parties voluntarily dismissed the stockholder complaint. Sonida Senior Living operates in the senior living industry, providing residential care and services for older adults.

Sonida Senior Living reported a net loss attributable to common shareholders of $24.5 million, or $(0.52) per share, for the second quarter ended June 30, 2026. Normalized FFO was $0.48 per share and Adjusted EBITDA reached $50.0 million, a 30% increase year-over-year. Same-store NOI grew 16.9% to $51.5 million with occupancy rising 240 basis points to 87.8%. The company refinanced its debt by drawing $372.5 million on a new $380 million Ally Term Loan at SOFR plus 185 basis points, using proceeds to repay the $170 million bridge loan and $122 million existing term loan, while paying down $70 million of revolving credit facility debt. Sonida Senior Living operates senior housing communities in the United States.