Arnold & Porter Advises CNL Healthcare Properties in $1.8 Billion Merger with Sonida Senior Living

"Arnold & Porter advised CNL Healthcare Properties, Inc. in a definitive merger agreement with Sonida Senior Living, Inc. The transaction, valued at approximately $1.8 billion in cash and stock, will result in Sonida acquiring 100% of CHP. The combined company is expected to have ~ $1.4 billion equity market cap and ~$3 billion enterprise value, creating an owner of ~14,700 senior living units."

Arnold & Porter represented CNL Healthcare Properties, Inc. in a definitive merger agreement with Sonida Senior Living, Inc. Under the agreement, valued at approximately $1.8 billion, Sonida will acquire 100% of CNL Healthcare Properties in a transaction comprised of cash and stock. Upon closing, the combined enterprise is expected to have an equity market capitalization of approximately $1.4 billion and a total enterprise value of approximately $3 billion. Announced on November 5, the combination will create the eighth-largest owner of U.S. senior living assets, with approximately 14,700 units. Arnold & Porter represented CNL Healthcare Properties, Inc. in the transaction with Sonida Senior Living, Inc. with a team composed by: Edward Deibert (Partner, Corporate & Finance); Therese Fox (Associate); Eric An (Senior Associate); Brady Randall (Senior Associate); Kexi Jin (Associate); Laurie Abramowitz (Partner, Tax); David Sausen (Partner, Tax); Sean Kavanaugh (Associate, Tax); Uri Horowitz (Partner, Employee Benefits); Kathryn Geoffroy (Senior Associate, Employee Benefits); Sheryl Gittlitz (Senior Counsel, Finance); Peter Danias (Counsel, Antitrust); Allison Shuren (Partner, Healthcare Regulatory); Lori Wright (Senior Associate, Healthcare Regulatory); Brianna Morigney (Associate, Healthcare Regulatory).

Arnold & Porter Advises CNL Healthcare Properties in $1.8 Billion Merger with Sonida Senior Living

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