Sonida Senior Living, Inc. announced that it has received $47.750021 million in funding from Conversant Capital LLC, Solas Capital Partners II, LP, Solas Capital Management, LLC, PF Investors, LLC, Silk Partners, LP, Brightleaf Capital
March 21, 2024
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On March 22, 2024, Sonida Senior Living, Inc closed the transaction. The company issued 1,675,440 shares of its common stock, par value $0.01 per share, to such Purchasers at a price of $9.50 per share, resulting in gross proceeds to the Company of $15,916,680 in its second tranche closing. The transaction was approved by shareholders.
Sonida Senior Living, Inc. is an owner-operator and investor in independent living, assisted living and memory care communities and services for senior adults. The Company provides resident-centric services and care as well as engaging programming operating about 72 housing communities in 18 states with an aggregate capacity of approximately 8,000 residents, including 62 communities which the Company owns and 10 communities that the Company manages on behalf of third parties. The Company provides residential housing and services to people aged 75 years and older, including independent living, assisted living, and memory care services. It provides independent living services to seniors, which include daily meals, transportation, social and recreational activities, laundry, housekeeping and 24-hour staffing. The Company also offers a range of assisted living care and services, including personal care services, 24-hour staffing, support services, and other supplemental services.
Sonida Senior Living, Inc. announced that it has received $47.750021 million in funding from Conversant Capital LLC, Solas Capital Partners II, LP, Solas Capital Management, LLC, PF Investors, LLC, Silk Partners, LP, Brightleaf Capital