Private equity firm TPG has been pursuing Capital Senior Living as an acquisition target over the past several months, but the senior living operator is not interested, Bloomberg reported Friday. The outlet cited anonymous “people with knowledge of the matter.”

Carey Hendrickson, chief financial officer of Dallas-based Capital Senior Living, told McKnight’s Senior Living that the company does not comment on “rumors and speculation.”

Bloomberg noted that Capital had seen its shares fall in value by more than 65% over the past year, to a market value of approximately $112 million, down from a high of approximately $800 million in 2015.

The outlet reported the news of TPG interest in Capital at approximately 9:30 a.m. ET on Friday; by 11 a.m., SeekingAlpha had reported that shares of Capital stock had increased in value by 21%. “Today CSU touched an intraday high of $4.44, its highest since March 21,” the site reported. By market close on Friday, the value was $4.19 per share.

TPG previously had acquired Assisted Living Concepts (subsequently renamed Enlivant) in 2013, and in January completed the sale a 49% interest in a portfolio of 183 senior-housing communities to Sabra Health Care REIT Inc, Bloomberg noted.