Sonida Senior Living on Better Financial Footing With ‘Significant Pipeline’ Ahead in 2024

Sonida Senior Living’s (NYSE: SNDA) recent moves to put the operator on better footing have led to margin improvements and a stronger financial and growth year in 2024. Thanks to efforts including a $50 million equity private placement from Conversant Capital, the company is now looking ahead to future growth in 2024 and beyond. And […]

Sonida ‘Plays Offense’ with Latest Equity Raise Totaling Nearly $47.8M

Sonida Senior Living (NYSE: SNDA) has announced a $47.75 million private equity raise to fund a purchase of debt while fueling capital investment within its existing portfolio. The sum includes investment from its largest shareholder, Conversant Capital. Sonida will use the new capital to complete its balance sheet repositioning while continuing enhancements across its portfolio […]

Sonida Senior Living Gains Momentum as Occupancy, Margins Improve

Occupancy and margin gains accelerated in the third quarter for Sonida Senior Living (NYSE: SNDA) as the company continued to make progress on several new and existing initiatives. With a new year in sight, the Dallas-based company is “approaching the end of an exceptional year for the Sonida recovery story,” said CEO Brandon Ribar during […]

Sonida Senior Living CEO: Operational Improvements, Recent Restructuring a ‘Launching Point’ for Recovery, Growth

A “pivotal” second quarter and debt restructuring to shore up its balance sheet has set up Sonida Senior Living (NYSE: SNDA) for future rate growth, occupancy gains and investments, according to CEO Brandon Ribar. Last month, Sonida announced a debt restructuring and an equity infusion agreement covering 49 assets financed by Fannie Mae and Ally […]

Sonida CEO: Debt Restructure Adds Flexibility, Pathway to Further Stabilization

Sonida Senior Living (NYSE: SNDA) on Wednesday announced a debt restructuring and an equity infusion, as well as new leadership appointments. The effort will help the company’s short-term cash flow and is another step toward long-term stabilization, CEO Brandon Ribar told Senior Housing News. The restructuring was forecasted earlier this year by Sonida leadership in […]

Sonida Mulls New Growth as Margins, Occupancy Improve

Sonida Senior Living (NYSE: SNDA) reported an uptick in senior housing revenue less than three months after issuing a going concern notice, and in 2023 the company is focusing on key fundementals related to its financial health. On an earnings call with investors and analysts Thursday, Sonida leadership noted progress and a newly-honed focus in […]

Senior Living Mid-Year Outlook: Occupancy Optimism Tempered by Slow Grind of Staffing Woes

Nearing the halfway point of 2023, senior living operators are ramping up efforts to maintain momentum in various areas, from generating revenue growth to innovating on staffing, with a goal of seeing year-end success. But the road to wider margins and boosted revenue is fraught with challenges, from outside pressures on interest rates that hamper […]