CNL Healthcare stock soars 44% on report of merger talks with Sonida Senior Living

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M&A - concept waiting for mergers and acquisitions.3D rendering on yellow background.

CNL Healthcare Properties (OTCPK:CHTH) surged 44% on Tuesday after the REIT was reported to be in advanced talks to be acquired by Sonida Senior Living (SNDA) for ~$1.8B.

The potential deal would be the largest senior housing transaction in the

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