Sonida Senior Living Completes $1.8 Billion Strategic Merger with CNL Healthcare Properties, Inc.

Sonida Senior Living completed its $1.8 billion stock-and-cash merger with CNL Healthcare Properties (about 66% stock / 34% cash), acquiring 100% of CHP's outstanding common stock and creating a roughly $3.3 billion pure-play senior housing owner-operator -- the eighth-largest owner of U.S. senior living assets, with over 16,400 units across 165 communities in 35 states.