Sonida Senior Living
| Company type | Public company |
|---|---|
| NYSE: SNDA Russell Microcap Component | |
| Industry | Senior living |
| Founded | 1990 |
| Headquarters | Dallas, Texas |
Number of locations | 71 |
Key people | Brandon Ribar, President & CEO; Kevin Detz, CFO |
| Services | Independent living, assisted living, memory care, temporary stay |
Number of employees | ~3,600 |
| Website | www |
Sonida Senior Living Corporation (NYSE: SNDA) is one of the leading owner-operators and investors in senior housing communities in the United States in terms of resident capacity. The Company and its predecessors have provided senior housing since 1990. As of December 31, 2023, the Company operated 71 senior housing communities in 18 states with an aggregate capacity of approximately 8,000 residents, including 61 senior housing communities that the Company owned and 10 communities that the Company managed on behalf of third parties.
Sonida generally provides residential housing and services to people aged 75 years and older, including independent living, assisted living, and memory care services. Many of their communities offer a continuum of care to meet our residents’ needs as they change over time by integrating independent living, assisted living, and memory care, which may be bridged by home care through independent home care agencies. Sonida’s integrated approach sustains residents’ autonomy and independence based on their physical and cognitive abilities.
Sonida’s mission is to bring quality senior living to life. The Company provides comfortable, safe, affordable communities where residents can form friendships, enjoy new experiences, and receive personalized care from team members who treat them like family, while also striving to (i) achieve and sustain a strong, competitive position within our geographically concentrated regions, and (ii) continue to enhance the performance of our operations. Their strategic priorities are designed to enhance our performance and position our portfolio for near- and long-term growth.
The company rebranded from Capital Senior Living to Sonida Senior Living in November 2021, following a $154.8 million investment from Conversant Capital.[1]
The company has a market capitalization of $436.98 million.[2]
References[edit]
- ^ Capital Senior Living Rebrands to Sonida, Maps Future Strategy After $154.8M Infusion. Senior Housing News. Wednesday, November 3, 2021
- ^ "Google Finance". Google Finance. Archived from the original on October 31, 2022. Retrieved April 30, 2024.
 | This article has an unclear citation style. (December 2019) |
- Malloy, Jennifer. "Market Spotlight: Assisted living occupancy slides". The Associated Press. Monday May 12, 2008 4:44 pm ET
- Capital Senior Living considering sale. Dallas Business Journal. Monday, March 24, 2008
- Sector Wrap: Assisted living center operators. Housing slump, weak economy pressuring occupancy rates at assisted living center operators. The Associated Press. Friday May 9, 2008, 3:08 pm ET