Sonida Senior Living, Inc. Overview
Pro stress-test →Sonida Senior Living is a leading owner, operator and investor in senior housing communities in the United States in terms of resident capacity. The company provides residential housing and services to people aged 75 years and older, including independent living, assisted living, and memory care services. As of mid-2025, the portfolio comprised 96 communities across 20 states.
Strategic Profile
Pro stress-test →The company executes a disciplined inorganic growth strategy aimed at expanding, densifying and upgrading its portfolio to leverage operating scale and efficiencies in proven submarkets. Most significantly, in November 2025 Sonida announced a definitive merger agreement to acquire CNL Healthcare Properties for approximately $1.8 billion, creating a combined enterprise with ~$3.0 billion enterprise value and positioning it as a pure-play senior housing owner-operator.
Competitive Landscape
Pro stress-test →Sonida operates 96 senior housing communities in 20 states with aggregate capacity of 10,000+ residents. Key competitors include Brookdale Senior Living, Genesis Healthcare, and The Ensign Group. Sonida's post-merger positioning will create significant scale advantages with 153+ owned communities and enhanced capital access across diversified regional markets.
Industry Context
Sonida Senior Living, Inc. operates in Senior Housing & Assisted Living Services.
Key facts
Founded: 1990 · Headquarters: Dallas, Texas · Revenue: $271.23M (2024) · Market cap: $1.4B (post-merger expected)