M&A
confidence high
sentiment positive
materiality 0.75
Sonida acquires 8 senior living communities for $102.9M from Principal Senior Living Group
SONIDA SENIOR LIVING, INC.
- Aggregate cash purchase price $102.9M; paid $750K earnest money upon signing.
- Five communities in Florida, three in South Carolina; expected closing late September 2024.
- Communities known as 'Palm Communities'; seller is affiliates of Principal Senior Living Group.
- Transaction contingent on closing of all eight properties under separate but substantially identical PSAs.