Sonida Senior Living Acquires CNL Healthcare Properties in $1.8 Billion Merger
November 5, 2025
Sonida Senior Living, Inc. (Sonida) agreed to acquire CNL Healthcare Properties, Inc. (CHP) for approximately $1.8 billion in a cash-and-stock transaction, acquiring 100% of CHP’s outstanding common stock. The merger expands Sonida’s senior living footprint, creating a larger U.S. owner-operator with a combined portfolio of 153 communities and ~14,700 units.
- Buyers
- Sonida Senior Living, Inc., RBC Capital Markets, BMO Capital Markets
- Targets
- CNL Healthcare Properties, Inc.
- Industry
- Healthcare Services
- Location
- Texas, United States
- Transaction Type
- Buyout
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