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
0mins
Should l Buy SNDA?
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 fall 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: 32.120
Low
28.00
Averages
31.50
High
35.00
Current: 32.120
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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- Shareholder Voting Schedule: The merger between Sonida Senior Living and CNL Healthcare Properties is projected to allow Sonida's existing shareholders to own between 39.5% and 50.0% of the new company, with a shareholder vote scheduled for February 26, 2026, which may affect shareholder control.
- Equity Distribution: FirstSun Capital Bancorp's merger with First Foundation will result in FirstSun shareholders owning 59.5% of the combined entity, with a shareholder vote set for February 27, 2026, potentially influencing future governance structures.
- High Ownership Stakes: The merger between Tamboran Resources and Falcon Oil & Gas will enable Tamboran shareholders to hold 73.2% of the combined company, with a shareholder vote on March 4, 2026, likely to positively impact long-term shareholder interests.
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- ON24 Acquisition Investigation: Halper Sadeh LLC is investigating ON24, Inc. (NYSE:ONTF) for its sale to Cvent at $8.10 per share in cash, potentially violating federal securities laws and fiduciary duties, impacting shareholder rights.
- Sonida Merger Analysis: The merger of Sonida Senior Living, Inc. (NYSE:SNDA) with CNL Healthcare Properties, Inc. will result in existing shareholders owning between 39.5% and 50.0% of the diluted common equity of the new company, which may affect shareholder control and future earnings.
- Inspirato Sale Investigation: Halper Sadeh LLC is also investigating the sale of Inspirato Incorporated (NASDAQ:ISPO) to Exclusive Investments LLC for $4.27 per share, with potential implications for shareholder rights, encouraging shareholders to understand their options.
- Legal Service Commitment: Halper Sadeh LLC offers to handle these cases on a contingency fee basis, meaning shareholders will not incur out-of-pocket legal fees, aiming to secure increased compensation and disclosures for affected shareholders, thereby enhancing legal protections.
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- Ryerson Merger Investigation: Halper Sadeh LLC is investigating the merger between Ryerson Holding and Olympic Steel, which will result in Ryerson shareholders owning approximately 63% of the combined entity, potentially impacting shareholder rights.
- Sonida Merger Review: The merger of Sonida Senior Living with CNL Healthcare Properties will result in existing Sonida shareholders holding between 39.5% and 50% of the new company's diluted common equity, prompting Halper Sadeh LLC to assess its implications for shareholders.
- Brighthouse Sale Details: Brighthouse Financial is being sold to Aquarian Capital for $70.00 per share, and Halper Sadeh LLC may seek to negotiate increased consideration and additional disclosures for shareholders.
- Legal Service Commitment: Halper Sadeh LLC offers legal services on a contingency fee basis, encouraging shareholders to reach out to discuss their rights and options without upfront costs.
See More
Sonida Senior Living (SNDA) Proposes Merger with CNL Healthcare Properties, Shareholder Ownership Up to 50%
- 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.
See More
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- Sonida Rating Initiation: Baird analyst Wesley Golladay initiated coverage on Sonida Senior Living Inc (NYSE:SNDA) with a Neutral rating and set a price target of $35, while the stock closed at $32.35 on Thursday, indicating a cautious market outlook on its future performance.
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- Legal Rights: The firm is also examining Forge Global Holdings, Inc. (NYSE: FRGE) for its sale to Charles Schwab Corporation at $45.00 per share in cash, potentially affecting shareholders' legal rights and options.
- Merger Impact: The merger of Sonida Senior Living, Inc. (NYSE: SNDA) with CNL Healthcare Properties, Inc. will result in existing shareholders owning between 39.5% and 50.0% of the new company's diluted common equity, which could affect shareholder control.
- Shareholder Protection: OceanFirst Financial Corp. (NASDAQ: OCFC) is merging with Flushing Financial Corp., with OceanFirst shareholders expected to own approximately 58% of the combined entity, and Halper Sadeh LLC may seek increased compensation and disclosures for shareholders.
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