Sienna Senior Living Expands with Alberta Acquisition

Sienna Senior Living (TSE:SIA) has released an update.

Sienna Senior Living is expanding its footprint in Alberta by acquiring four continuing care homes for $181.6 million. This strategic move enhances Sienna’s presence in the rapidly growing Alberta market, offering high occupancy rates and promising a 6.5% investment yield in the first year. The acquisition is expected to immediately boost the company’s financial performance.

For further insights into TSE:SIA stock, check out TipRanks’ Stock Analysis page.