Sonida Senior Living, Inc. Auditor Raises 'Going Concern' Doubt
March 30, 2023
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Sonida Senior Living, Inc. filed its 10-K on Mar 30, 2023 for the period ending Dec 31, 2022. In this report its auditor, Ernst & Young LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.
Sonida Senior Living, Inc. is an owner-operator and investor in independent living, assisted living and memory care communities and services for senior adults. The Company provides resident-centric services and care as well as engaging programming operating about 72 housing communities in 18 states with an aggregate capacity of approximately 8,000 residents, including 62 communities which the Company owns and 10 communities that the Company manages on behalf of third parties. The Company provides residential housing and services to people aged 75 years and older, including independent living, assisted living, and memory care services. It provides independent living services to seniors, which include daily meals, transportation, social and recreational activities, laundry, housekeeping and 24-hour staffing. The Company also offers a range of assisted living care and services, including personal care services, 24-hour staffing, support services, and other supplemental services.