Sonida Senior Living Acquires CNL Healthcare Properties for $1.8 Billion in Cash and Stock
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 05 2025
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Merger Announcement: Sonida Senior Living is set to acquire CNL Healthcare Properties in a cash and stock transaction valued at approximately $1.8 billion, resulting in a combined enterprise value of around $3 billion.
Stock and Cash Details: The merger will involve Sonida acquiring 100% of CHP's outstanding common stock, with shareholders receiving $2.32 in cash and shares of Sonida common stock, subject to an exchange ratio influenced by Sonida's stock price.
Market Capitalization: Post-merger, Sonida anticipates an equity market capitalization of about $1.4 billion and will continue trading on the NYSE under the ticker SNDA.
Shareholder Impact: Existing Sonida shareholders' ownership in the new entity is projected to range from 39.5% to 50%, with an estimated normalized FFO per share accretion of 28% to 62%.
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Analyst Views on SNDA
Wall Street analysts forecast SNDA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SNDA is 31.50 USD with a low forecast of 28.00 USD and a high forecast of 35.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
0 Buy
2 Hold
0 Sell
Hold
Current: 30.780
Low
28.00
Averages
31.50
High
35.00
Current: 30.780
Low
28.00
Averages
31.50
High
35.00
About SNDA
Sonida Senior Living, Inc. is an owner, operator and investor in independent living, assisted living and memory care communities and services for senior adults. It provides compassionate, resident-centric services and care as well as engaging programming at its senior housing communities. It owns, manages or invests in 97 senior housing communities in 20 states with an aggregate capacity of approximately 10,260 residents, including 84 owned senior housing communities (including four owned through joint venture investments in consolidated entities, and four owned through a joint venture investment in an unconsolidated entity, and one unoccupied) and 13 communities that the Company managed on behalf of a third party. It offers independent living services to seniors, including daily meals, transportation, social and recreational activities, laundry, and housekeeping. It offers a range of assisted living care and services, including personal care services and other supplemental services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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