Sonida Senior Living (SNDA) Proposes Merger with CNL Healthcare Properties, Shareholder Ownership Up to 50%
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: PRnewswire
- Merger Investigation: Former Louisiana Attorney General Charles C. Foti and Kahn Swick & Foti LLC are investigating the proposed merger between Sonida Senior Living and CNL Healthcare Properties to ensure the fairness and adequacy of the merger process.
- Shareholder Equity Analysis: Upon completion of the merger, existing shareholders of Sonida will hold between 39.5% and 50.0% of the new company's diluted common equity, potentially impacting their control and future earnings.
- Legal Consultation Services: KSF offers no-obligation legal consultations to help shareholders understand their rights regarding the proposed transaction, demonstrating a commitment to protecting shareholder interests.
- Fairness Assessment: KSF is evaluating the fairness of the merger process to ensure that Sonida shareholders' rights are adequately protected, reflecting a focus on corporate governance.
Analyst Views on SNDA
Wall Street analysts forecast SNDA stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for SNDA is 28.00 USD with a low forecast of 28.00 USD and a high forecast of 28.00 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.
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 31.930
Low
28.00
Averages
28.00
High
28.00
Current: 31.930
Low
28.00
Averages
28.00
High
28.00
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.
