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Sienna Senior Living ( (TSE:SIA) ) just unveiled an update.
Sienna Senior Living has completed the acquisition of four continuing care homes in Alberta, expanding its national presence and enhancing its operational scale and geographic diversity. The acquisition, valued at $181.6 million, is expected to yield a 6.5% return in the first year and was financed through a combination of CMHC debt and cash. This move follows Sienna’s recent full acquisition of Nicola Lodge in Metro Vancouver, reflecting the company’s strategic growth and investment in Western Canada.
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 programs under its Aspira retirement brand. With approximately 13,500 employees, the company is dedicated to enhancing the quality of life for seniors.
YTD Price Performance: 5.50%
Average Trading Volume: 296,681
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$1.53B
For detailed information about SIA stock, go to TipRanks’ Stock Analysis page.