Sonida Senior Living Inc (N:SNDA)
Business Focus: Residential & Long Term Care
| Sector: Healthcare | Industry: Healthcare Facilities & Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 14755 Preston Rd Ste 800 DALLAS TX 75254 |
| Tel: | N/A |
| Website: | https://www.sonidaseniorliving.com |
| IR: | See website |
| Key People | ||
| Brandon M. Ribar President, Chief Executive Officer, Director | Kevin J. Detz Chief Financial Officer, Executive Vice President | Michael R. Karicher Vice President and Chief People Officer |
| David R. Brickman Senior Vice President, General Counsel, Secretary | Michael C. Fryar Senior Vice President, Chief Revenue Officer | Timothy J. Cober Chief Accounting Officer, Vice President |
| Tabitha Obenour Vice President, Chief Clinical Officer | Max J. Levy Independent Director | |
| Business Overview |
| Sonida Senior Living, Inc. is an owner-operator and investor in independent living, assisted living and memory care communities and services for senior adults. The Company provides resident-centric services and care as well as engaging programming operating about 72 housing communities in 18 states with an aggregate capacity of approximately 8,000 residents, including 62 communities which the Company owns and 10 communities that the Company manages on behalf of third parties. The Company provides residential housing and services to people aged 75 years and older, including independent living, assisted living, and memory care services. It provides independent living services to seniors, which include daily meals, transportation, social and recreational activities, laundry, housekeeping and 24-hour staffing. The Company also offers a range of assisted living care and services, including personal care services, 24-hour staffing, support services, and other supplemental services. |
| Financial Overview |
| For the three months ended 31 March 2024, Sonida Senior Living Inc revenues increased 9% to $67.4M. Net income applicable to common stockholders increased 6% to $22.8M. Revenues reflect Resident revenue-Housing and support services segment increase of 12% to $60M, Community reimbursement revenue segment increase of 23% to $6.1M. Net income was partially offset by Operating expense increase of 6% to $46.3M (expense). |
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