Sonida Senior Living takes steps to strengthen financial position as it plans for growth
By
Lois A. Bowers
Jul 06, 2023
Dallas-based Sonida Senior Living on Wednesday announced several steps that the company has taken or plans to take to try to improve its financial position and set itself up for growth.
Sonida Senior Living looks to improve balance sheet, make investments with $47.7 million equity raise
By
Kathleen Steele Gaivin
Feb 07, 2024
A $47.7 million equity raise will help Sonida Senior Living improve its finances, invest in its communities and programming, and consider acquisitions, the Dallas-based owner-operator said Tuesday. The...
Revenue growth ‘surpassing industry trends,’ Sonida CEO says
By
Kathleen Steele Gaivin
Nov 15, 2023
Sonida Senior Living has seen year-over-year revenue growth that is “surpassing industry trends,” President and CEO Brandon Ribar said in a press release issued in conjunction with Tuesday’s third-quarter...
Sonida Senior Living takes steps to solidify future
By
Lois A. Bowers
May 12, 2023
Sonida Senior Living executives continue to feel uncertain about the future of the company, less than two months after reporting “substantial doubt about our ability to continue as a going concern,”...
Aveanna Healthcare, CareTrust REIT, Invesque and Sonida Senior Living reported first-quarter results on Thursday.
Capital Senior Living move-ins at 2-year high, indicating rebound in demand, CEO says
By
Alicia Lasek
Apr 01, 2021
March move-ins across the company’s 60 communities are on track to be at their highest monthly level in two years, while overall occupancy rates remain near 75%.
Capital Senior Living reiterates uncertainty about future to SEC
By
Lois A. Bowers
Aug 11, 2020
Capital Senior Living reiterated its belief that conditions related to COVID-19 “raise substantial doubt about the company’s ability to continue as a going concern” in a document filed Monday with...
Operators pursue unit conversion strategy
By
Lois A. Bowers
May 04, 2016
Two senior living operators are taking different approaches to unit conversion in an effort to make their portfolios more profitable, according to comments made during first-quarter earnings calls this...
First-quarter momentum allowing Sonida to ‘swiftly’ move into growth mode, execs say
By
Kimberly Bonvissuto
May 13, 2024
Sonida Senior Living ended the first quarter with significant momentum toward its growth goals and swiftly moved into growth mode in the second quarter, providing a “clear line of sight” into further...
Capital Senior Living CEO Larry Cohen to retire
By
Lois A. Bowers
Aug 22, 2018
Lawrence A. Cohen, vice chairman and CEO of Capital Senior Living Corp., will retire effective Jan. 1, the company announced this morning. Cohen has been with the company for 21 years, 19 as CEO.