SNDA - Sonida Senior Living to acquire senior living communities in Indianapolis $12.3M

Sonida Senior Living (NYSE:SNDA) to acquire two recently renovated senior living communities for approximately $12.3M. Company expects the acquisition to close in the Q1 2022.  The assets complement Sonida Senior Living’s existing Indianapolis portfolio and will leverage the strength of the company’s local leadership team.  “This transaction represents the Company’s approach to pursuing accretive, tuck-in growth in markets where we have operational expertise and can leverage deep market knowledge and scale. The signing of this acquisition marks the Company’s shift into the growth phase of our strategic plan following the recently closed $154.8 million capital raise and strategic investment from Conversant Capital.” said Kimberly S. Lody, President and CEO.

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Sonida Senior Living to acquire senior living communities in Indianapolis $12.3M