Sienna Senior Living Inc. (TSX:SIA) entered into a purchase agreement to acquire Hazeldean Gardens Retirement Residence in Ottawa from a family owner for $86.5 million on May 2, 2025. The gross purchase price for the acquisition is $85.25 million, including a performance-based payment of $3.75 million, and is subject to an additional performance-based contingent payment of $1.25 million. The full purchase price will be financed with cash on hand.

The transaction is subject to regulatory approvals and customary closing conditions, and is expected to close within 60 ? 75 days.