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...
Sonida CEO optimistic about future after ‘transformational’ year
By
Kimberly Bonvissuto
Mar 28, 2024
2023 was a “transformational” year for Dallas-based Sonida Senior Living, and it paved the way for growth in 2024 and beyond, President and CEO Brandon Ribar said Wednesday during the company’s...
Debt-related efforts among ‘significant performance milestones’ for Sonida, execs say
By
Kathleen Steele Gaivin
Mar 28, 2024
Dallas-based Sonida Senior Living has optimized its balance sheet “through the comprehensive restructuring and modification of our debt,” culminating in a $47.75 million equity private placement that...
Kimberly Lody to depart as Sonida CEO; Brandon Ribar to succeed her
By
Lois A. Bowers
Aug 04, 2022
Kimberly Lody is stepping down as CEO of Dallas-based Sonida Senior Living after holding the position since January 2019, the company announced Thursday morning.
COVID-19 requires ‘significant adjustments’ to operating model, Capital Senior Living says
By
Lois A. Bowers
Apr 01, 2020
Capital Senior Living has made “significant adjustments” to its operating model in response to the COVID-19 pandemic, Chief Operating Officer Brandon Ribar said Tuesday on the company’s fourth-quarter...
Labor management, rate increases help drive 6th consecutive quarter of growth for Sonida
By
Kimberly Bonvissuto
Nov 15, 2022
The senior living operating environment continues to be challenged, but Sonida Senior Living executives attribute the company’s sixth consecutive quarter of occupancy and revenue growth to an increased...
New tablet computers will help ease communication during pandemic, Capital says
By
Lois A. Bowers
Sep 22, 2020
Dallas-based Capital Senior Living is expanding its Virtual Engagement Program by distributing tablet computers to all of its communities.
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 experiences ‘pivotal’ second quarter in continuing effort to rebuild
By
Kimberly Bonvissuto
Aug 15, 2023
In a “pivotal” second quarter, Dallas-based Sonida Senior Living saw occupancy “surpass industry averages” from early 2023, an aggressive resident rate push and expenses moderate against a backdrop...
Sonida looks to close out ‘exceptional’ recovery year, focused on 2024 growth
By
Kimberly Bonvissuto
Nov 15, 2023
Sonida Senior Living is approaching the end of an “exceptional” year in its recovery, with increased occupancy and rate growth, along with stabilizing operating expenses.