Sienna Senior Living Inc T.SIA

Alternate Symbol(s): LWSCF

Healthcare

Sienna Senior Living Inc. is a Canada-based senior living provider. The Company offers a full range of senior living options, including independent living (IL), assisted living (AL) and memory care (MC) under its Aspira retirement brand, long-term care (LTC), and specialized programs and services. The Company owns and operates senior living residences in the Provinces of British Columbia, Saskatchewan and Ontario. The Company owns and operates a total of approximately 82 senior living residences: 40 retirement residences (RRs) (including the Company's 50% joint venture interest in 12 residences in Ontario and Saskatchewan); 34 LTC communities; and eight senior living residences providing both private-pay IL/AL and funded LTC (including the Company's joint ownership in two residences in British Columbia). The Company also provides management services to an additional 12 senior living residences in the Provinces of British Columbia, Ontario and Alberta.

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Sienna Senior Living Inc > Once again, nice time to buy

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Comment by dogatcaton Sep 27, 2022 1:38pm

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Post# 34989924

RE:RE:RE:RE:RE:RE:Once again, nice time to buy

The acquisition and related transaction costs were financed through a combination of sources. This includes net proceeds from the Company’s March 23, 2022 equity raise, net proceeds from recent dispositions, a one-time drawdown of $90 million on the acquisition term loan; and the assumption of two CMHC-insured property-level mortgages at a weighted-average interest rate of 2.24 per cent.

Sienna locked in at 2.24 percent. Plus those acquisitions were accretive to earnings.

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