Sonida Senior Living in advanced talks to acquire CNL Healthcare, WSJ says

Sonida Senior Living (SNDA) is in advanced talks to acquire CNL Healthcare Properties (CHTH), a smaller rival, in a $1.8B deal that would represent the largest senior-housing transaction in the U.S. since 2021, reported The Wall Street Journal’s Peter Grant. Sonida is offering stock and cash in a deal that could be announced within days, people familiar with the matter said.