Sonida in talks to buy CNL Healthcare in $1.8 billion deal, WSJ reports

Sonida Senior Living

04/11/2025 21:42

Nov 4 (Reuters) - Sonida Senior Living SNDA.N is in advanced talks to acquire CNL Healthcare Properties CHTH.PK in a deal valued at $1.8 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.

Dallas-based Sonida is offering cash and stock and a transaction could be announced within days, the Journal said.

Both Sonida and CNL did not immediately respond to Reuters' requests for comment.

The senior housing business is experiencing a sharp rebound after years of difficulty. Sonida itself nearly collapsed during the pandemic and was rescued by a $154.8 million investment from Conversant Capital, the Journal said.

 (Reporting by Kamal Choudhury in Bengaluru; Editing by Sriraj Kalluvila)

 ((Kamal.Choudhury@thomsonreuters.com;))