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Sienna Senior Living Expands with Debenture Offering and Strategic Acquisition

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Sienna Senior Living Expands with Debenture Offering and Strategic Acquisition

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The latest update is out from Sienna Senior Living ( (TSE:SIA) ).

Sienna Senior Living Inc. has announced the issuance of $175 million in senior unsecured debentures, which will mature in 2030, to fund various corporate initiatives, including debt repayment and acquisitions. Concurrently, Sienna completed a $60.2 million acquisition of Credit River Retirement Residence in the Greater Toronto Area, expected to enhance the company’s financial performance and capitalize on the growing demand for senior living facilities due to Canada’s aging population.

The most recent analyst rating on (TSE:SIA) stock is a Hold with a C$19.00 price target. To see the full list of analyst forecasts on Sienna Senior Living stock, see the TSE:SIA Stock Forecast page.

Spark’s Take on TSE:SIA Stock

According to Spark, TipRanks’ AI Analyst, TSE:SIA is a Neutral.

Sienna Senior Living’s overall score is driven by strong earnings call performance and revenue growth. However, high leverage and cash flow challenges, along with a high P/E ratio, moderate the score. The dividend yield adds some appeal, but the stock’s valuation remains a concern.

To see Spark’s full report on TSE:SIA stock, click here.

More about Sienna Senior Living

Sienna Senior Living Inc. (TSX:SIA) provides a comprehensive range of senior living options, including independent living, assisted living, memory care, long-term care, and specialized services under its Aspira retirement brand. The company employs approximately 14,500 people dedicated to enhancing the quality of life for seniors.

Average Trading Volume: 243,343

Technical Sentiment Signal: Buy

Current Market Cap: C$1.7B

For an in-depth examination of SIA stock, go to TipRanks’ Overview page.

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