Sonida Senior Living to Merge with CNL Healthcare in $1.8 Billion Deal

TL/DR –

Sonida Senior Living will merge with CNL Healthcare Properties in a deal worth approximately $1.8 billion. The merger will result in a pure-play senior housing owner-operator valued at around $3 billion. The fused company plans to continue trading on the NYSE under the SNDA ticker.

Sonida to Merge with CNL Healthcare, Creating a $3bn Senior Housing Giant

Sonida Senior Living announced its planned merger with CNL Healthcare Properties, valued at about $1.8bn. The deal involves a cash and stock transaction and will result in a $3bn senior housing owner-operator. The news comes shortly after the Wall Street Journal reported on the potential merger.

Equity Market Capitalization and Value

In the combined venture, Sonida will acquire 100% of CHP. Post-merger, Sonida anticipates an equity market capitalization of around $1.4bn and a total enterprise value of nearly $3bn.

Trading Under Same NYSE Ticker

Following the merger completion, the united company will continue trading on the NYSE under the same ticker, SNDA.

—
Read More Health & Wellness News ; US News