Sonida Senior Living (SNDA) announced a definitive, transformational merger agreement on November 4, 2025, to indirectly acquire CNL Healthcare Properties (CHP) for an estimated total value of \(1.8 billion. The transaction structure is a complex, multi-step combination creating an approximate \)3.0B enterprise value, positioning the combined entity as the 8th largest pure-play senior housing owner-operator in the U.S.
Transaction Consideration and Impact: CHP stockholders will receive mixed consideration: \(2.32 cash per share, plus Sonida stock valued at approximately \)4.58, subject to a c
...