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Sienna Senior Living Announces $125 Million Equity Offering
Aug 12, 2024•almost 2 years ago
Contract Type
partnership
Health Care
Description
Sienna Senior Living Inc. 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., as sole bookrunner. The net proceeds of the offering will be used to fund the previously announced acquisition of the remaining 30% ownership interest in Nicola Lodge and 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
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