Sonida Senior Living acquires 8 senior living communities; combined revenues of $26.1M for 9mo 2024

SONIDA SENIOR LIVING, INC.

Acquired eight senior living communities (Palm Communities) from Principal Senior Living Group on Oct 1, 2024.
Acquired communities reported revenue of $31.2M (FY2023) and $26.1M (9mo 2024); net losses of ($5.9M) and ($2.9M), respectively.
Total assets of acquired communities were $99.4M at Dec 31, 2023 and $97.3M at Sep 30, 2024.
Audited and unaudited combined carve-out financial statements filed for FY2023 and 9mo 2024; pro forma data included.
Five communities in Florida, three in South Carolina; operated under the Benton House brand.

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