This article is available as part of your SHN+ membership With a shifting outlook for the senior housing industry as a whole, the chief executive of Sonida Senior Living (NYSE: SNDA) is feeling good about the remainder of 2024. The Dallas-based company also has undertaken initiatives to address some of the top challenges still facing […]
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 […]
Last year, HumanGood CEO John Cochrane noted how the industry was shifting from a period of crisis to one of stability. This year, his message for senior living operators is even clearer: “Buckle up and start your engines.” “The new year could bring some of the biggest opportunities in our lifetime,” he said. “We are […]
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 […]
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 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 […]
The Aspenwood Company is launching a new memory care program encompassing all different areas of the resident experience, joining in a larger trend across the industry of operators hitting reset on their memory care offerings. They are doing so to elevate care and the resident experience while driving revenue — and to position themselves for […]
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 […]
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 […]
As 2023 enters its second quarter, the year is shaping up to be a rollercoaster ride for the senior housing sector. After a slew of bad news, the last week brought positive headlines. Brookdale (NYSE: BKD) improved its forecast for Q1 financial results, and NIC MAP Vision data showed that sector-wide occupancy has been surprisingly […]
