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Sienna Senior Living Announces $125 Million Equity Offering for Acquisitions
Feb 20, 2025•over 1 year ago
Contract Type
agreement
Health Care
Description
Sienna Senior Living Inc. has announced the launch of a $125 million equity offering on a bought deal basis. The company has entered into an agreement with a syndicate of underwriters led by TD Securities Inc. The net proceeds from the offering will be used to fund the acquisitions of Wildpine Residence and Cawthra Gardens, as well as for general corporate purposes.
Company Information
Company
Cawthra Gardens
About
Cawthra Gardens is a Class A long-term care home with 192 beds, providing essential support and services for seniors. The home is designed to accommodate residents with varying degrees of care needs. Undergoing this acquisition, the home will contribute to a comprehensive continuum of care services provided by Sienna. The facility is strategically located in the Greater Toronto Area.
Predictive Intelligence
Strategic
ML-powered predictions for Cawthra Gardens's next move
