Merger Agreement to Acquire CNL Healthcare Properties
Sonida Senior Living announced a significant merger agreement to acquire CNL Healthcare Properties for $1.8 billion, which is expected to close in late Q1 of 2026. This transaction is anticipated to deliver significant value and enhance the company's growth profile.
Year-Over-Year Improvement in Portfolio Performance
Total portfolio NOI grew 21% year-over-year with significant improvements in adjusted EBITDA by more than 30% driven by same-store NOI growth and effective management of G&A.
Record High Occupancy Rates
Same-store occupancy increased 90 basis points to 87.7% in Q3, with October averaging 88%, marking a portfolio high point.
Strong Acquisition Performance
Communities acquired in 2024 showed a strong sequential improvement in occupancy by 370 basis points and a 10% yield on acquisition costs, exceeding initial expectations.
Successful Technology and Labor Management Initiatives
Implemented a new clinical system and labor management tools that improved staffing efficiency, reducing reliance on contract labor and improving margin expansion potential.