{"success":true,"data":{"pressRelease":{"id":"146390","rtpr_id":"nGNX4mdzk-20260917","ticker":"SIA","exchange":"TSX","all_tickers":["SIA"],"title":"Sienna Continues Platform Growth in Ontario ","author":"Globe Newswire","published_at":"2026-09-17T12:30:00.993Z","article_body":"MARKHAM, Ontario, Sept. 17, 2026 (GLOBE NEWSWIRE) -- Sienna Senior Living Inc.\n(\"Sienna\" or the \"Company\") (TSX: SIA) announced today that it has entered\ninto a purchase agreement to acquire Stonemont On the Park (“Stonemont”),\na 305-suite retirement residence in Ottawa, Ontario.\n\nThe property opened in 2024 and is approximately 99% occupied. Stonemont is\nconveniently located in Ottawa’s east end and offers high-quality amenities\nas well as above- and below-grade parking.\n\nThe gross purchase price for Stonemont is approximately $170.7 million, or\n$560,000 per suite. The transaction includes an additional $10.0 million\nearnout contingent upon exceeding certain financial targets and is expected to\nclose in Q4 2026, subject to regulatory and customary closing conditions. The\nCompany intends to finance the acquisition with available cash on hand and its\ncredit facilities.\n\n“With the addition of Stonemont, we are further expanding Sienna’s\nretirement platform in a key market,” said Nitin Jain, President and Chief\nExecutive Officer. “Following this transaction, we will have added\napproximately $1.2 billion of assets through acquisitions and developments\nsince 2025. We continue to build on this momentum with a strong acquisition\npipeline and Sienna’s $625 million joint venture partnership with Fiera\nInfrastructure to accelerate long-term care redevelopments. These\nopportunities allow us to further scale our platform, enhance the experience\nof Sienna’s residents and team members, while creating long-term value for\nour shareholders.”\n\nAbout Sienna Senior Living\n\nSienna Senior Living Inc. (TSX: SIA) offers a full range of seniors' living\noptions, including independent living, assisted living and memory care under\nits Aspira retirement brand, long-term care, and specialized programs and\nservices. Sienna's approximately 15,500 employees are passionate about\ncultivating happiness in daily life. For more information, please visit\nwww.siennaliving.ca.\n\nForward-Looking Statements\n\nCertain of the statements contained in this news release are forward-looking\nstatements and are provided for the purpose of presenting information about\nmanagement’s current expectations and plans relating to the future. Readers\nare cautioned that such statements may not be appropriate for other purposes.\nThese statements generally use forward-looking words, such as\n“anticipate,” “continue,” “could,” “expect,” “may,”\n“will,” “estimate,” “believe,” “goals”, “target” or other\nsimilar words and are based on the Company’s expectations, estimates,\nforecasts and projections. These statements are subject to significant known\nand unknown risks and uncertainties that may cause actual results or events to\ndiffer materially from those expressed or implied by such statements and,\naccordingly, should not be read as guarantees of future performance or results\nand will not necessarily be accurate indications of whether or not such\nresults will be achieved. The forward-looking statements in this news release\nare based on information currently available and what management currently\nbelieves are reasonable assumptions. The Company does not undertake any\nobligation to publicly update or revise any forward-looking statements except\nas may be required by applicable law.\n\nFOR FURTHER INFORMATION, PLEASE CONTACT:\n\nDavid Hung\nChief Financial Officer and Executive Vice President, Investments\n(905) 489-0258\ndavid.hung@siennaliving.ca\n\nNancy Webb\nExecutive Vice President, Corporate Affairs and Marketing \n(905) 477-4006 ext. 3030\nnancy.webb@siennaliving.ca\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/ac969f39-0111-4903-8faa-0cdee524eb4e)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX4mdzk-20260917","title":"Sienna Continues Platform Growth in Ontario ","author":"Globe Newswire","ticker":"SIA","created":"2026-09-17T12:30:00.993Z","tickers":["SIA"],"exchange":"TSX","article_body":"MARKHAM, Ontario, Sept. 17, 2026 (GLOBE NEWSWIRE) -- Sienna Senior Living Inc.\n(\"Sienna\" or the \"Company\") (TSX: SIA) announced today that it has entered\ninto a purchase agreement to acquire Stonemont On the Park (“Stonemont”),\na 305-suite retirement residence in Ottawa, Ontario.\n\nThe property opened in 2024 and is approximately 99% occupied. Stonemont is\nconveniently located in Ottawa’s east end and offers high-quality amenities\nas well as above- and below-grade parking.\n\nThe gross purchase price for Stonemont is approximately $170.7 million, or\n$560,000 per suite. The transaction includes an additional $10.0 million\nearnout contingent upon exceeding certain financial targets and is expected to\nclose in Q4 2026, subject to regulatory and customary closing conditions. The\nCompany intends to finance the acquisition with available cash on hand and its\ncredit facilities.\n\n“With the addition of Stonemont, we are further expanding Sienna’s\nretirement platform in a key market,” said Nitin Jain, President and Chief\nExecutive Officer. “Following this transaction, we will have added\napproximately $1.2 billion of assets through acquisitions and developments\nsince 2025. We continue to build on this momentum with a strong acquisition\npipeline and Sienna’s $625 million joint venture partnership with Fiera\nInfrastructure to accelerate long-term care redevelopments. These\nopportunities allow us to further scale our platform, enhance the experience\nof Sienna’s residents and team members, while creating long-term value for\nour shareholders.”\n\nAbout Sienna Senior Living\n\nSienna Senior Living Inc. (TSX: SIA) offers a full range of seniors' living\noptions, including independent living, assisted living and memory care under\nits Aspira retirement brand, long-term care, and specialized programs and\nservices. Sienna's approximately 15,500 employees are passionate about\ncultivating happiness in daily life. For more information, please visit\nwww.siennaliving.ca.\n\nForward-Looking Statements\n\nCertain of the statements contained in this news release are forward-looking\nstatements and are provided for the purpose of presenting information about\nmanagement’s current expectations and plans relating to the future. Readers\nare cautioned that such statements may not be appropriate for other purposes.\nThese statements generally use forward-looking words, such as\n“anticipate,” “continue,” “could,” “expect,” “may,”\n“will,” “estimate,” “believe,” “goals”, “target” or other\nsimilar words and are based on the Company’s expectations, estimates,\nforecasts and projections. These statements are subject to significant known\nand unknown risks and uncertainties that may cause actual results or events to\ndiffer materially from those expressed or implied by such statements and,\naccordingly, should not be read as guarantees of future performance or results\nand will not necessarily be accurate indications of whether or not such\nresults will be achieved. The forward-looking statements in this news release\nare based on information currently available and what management currently\nbelieves are reasonable assumptions. The Company does not undertake any\nobligation to publicly update or revise any forward-looking statements except\nas may be required by applicable law.\n\nFOR FURTHER INFORMATION, PLEASE CONTACT:\n\nDavid Hung\nChief Financial Officer and Executive Vice President, Investments\n(905) 489-0258\ndavid.hung@siennaliving.ca\n\nNancy Webb\nExecutive Vice President, Corporate Affairs and Marketing \n(905) 477-4006 ext. 3030\nnancy.webb@siennaliving.ca\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/ac969f39-0111-4903-8faa-0cdee524eb4e)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-09-17T12:30:01.04284715Z","server_sent_at_ms":1789648201042},"received_at":"2026-09-17T12:30:01.098Z","source_url":null},"analysis":{"id":"135216","press_release_id":"146390","analysis_json":{"industry":{"label":"Health Care Providers & Services","sector":"Health Care"},"redFlags":["Acquisition funded entirely with cash on hand and credit facilities, adding leverage rather than equity","$10.0 million earnout contingent on unspecified financial targets"],"eventType":"m_and_a","narrative":"Sienna Senior Living has signed a purchase agreement to acquire Stonemont On the Park, a 305-suite retirement residence in Ottawa's east end, for a gross price of approximately $170.7 million ($560,000 per suite) plus a $10.0 million earnout tied to financial targets.\n\nThe property opened in 2024 and is approximately 99% occupied; the deal is expected to close in Q4 2026, subject to regulatory and customary conditions, and will be funded with cash on hand and existing credit facilities rather than equity.\n\nManagement framed the deal as continued platform expansion, noting roughly $1.2 billion of assets added since 2025 and a $625 million joint venture with Fiera Infrastructure to accelerate long-term care redevelopments.","sentiment":"bullish","agentHooks":{"shouldPost":false,"suggestedAngle":"Sienna keeps rolling up newly built, near-full occupancy retirement assets in Ontario -- track leverage and accretion at Q4 close."},"keyFigures":{"dealValueUsd":170700000,"customDimensions":{"suites":305,"earnout":10000000,"occupancy":"99%","expected_close":"Q4 2026","fiera_jv_value":"$625 million","price_per_suite":"$560,000","property_opened":2024,"assets_added_since_2025":"$1.2 billion"}},"quotedText":"Following this transaction, we will have added approximately $1.2 billion of assets through acquisitions and developments since 2025.","namedEntities":{"people":[{"name":"Nitin Jain","role":"President and Chief Executive Officer"},{"name":"David Hung","role":"Chief Financial Officer and Executive Vice President, Investments"},{"name":"Nancy Webb","role":"Executive Vice President, Corporate Affairs and Marketing"}],"products":["Stonemont On the Park","Aspira"],"companies":[{"name":"Sienna Senior Living Inc.","ticker":"SIA","relationship":"acquirer"},{"name":"Fiera Infrastructure","relationship":"joint venture partner"}],"dollarAmounts":[{"amount":"$170.7 million","context":"gross purchase price for Stonemont On the Park"},{"amount":"$560,000","context":"price per suite"},{"amount":"$10.0 million","context":"earnout contingent on exceeding financial targets"},{"amount":"$1.2 billion","context":"assets added through acquisitions and developments since 2025"},{"amount":"$625 million","context":"joint venture partnership with Fiera Infrastructure for long-term care redevelopments"}]},"materialImpact":{"score":3,"reasoning":"Sienna agreed to acquire a newly built, ~99% occupied 305-suite Ottawa retirement residence for approximately $170.7M plus a $10.0M earnout. It is a meaningful bolt-on that extends the growth record (~$1.2B added since 2025) but is a single-asset, cash/credit-funded deal rather than company-transforming M&A."},"tickerRelevance":{"others":[],"primary":"SIA"},"globalImportance":28,"audienceRelevance":15,"eventTypeSecondary":[],"importanceComponents":{"fundingMix":"cash and credit facilities, no dilution","tickerTier":"mid-cap TSX-listed senior living operator","eventGravity":"single-asset acquisition of $170.7M plus $10M earnout","sectorWeight":"seniors' housing / long-term care","geographicFocus":"Canada (Ottawa, Ontario)"}},"event_type":"m_and_a","event_type_secondary":null,"sentiment":"bullish","material_impact_score":3,"narrative":"Sienna Senior Living has signed a purchase agreement to acquire Stonemont On the Park, a 305-suite retirement residence in Ottawa's east end, for a gross price of approximately $170.7 million ($560,000 per suite) plus a $10.0 million earnout tied to financial targets.\n\nThe property opened in 2024 and is approximately 99% occupied; the deal is expected to close in Q4 2026, subject to regulatory and customary conditions, and will be funded with cash on hand and existing credit facilities rather than equity.\n\nManagement framed the deal as continued platform expansion, noting roughly $1.2 billion of assets added since 2025 and a $625 million joint venture with Fiera Infrastructure to accelerate long-term care redevelopments.","key_figures":{"dealValueUsd":170700000,"customDimensions":{"suites":305,"earnout":10000000,"occupancy":"99%","expected_close":"Q4 2026","fiera_jv_value":"$625 million","price_per_suite":"$560,000","property_opened":2024,"assets_added_since_2025":"$1.2 billion"}},"named_entities":{"people":[{"name":"Nitin Jain","role":"President and Chief Executive Officer"},{"name":"David Hung","role":"Chief Financial Officer and Executive Vice President, Investments"},{"name":"Nancy Webb","role":"Executive Vice President, Corporate Affairs and Marketing"}],"products":["Stonemont On the Park","Aspira"],"companies":[{"name":"Sienna Senior Living Inc.","ticker":"SIA","relationship":"acquirer"},{"name":"Fiera Infrastructure","relationship":"joint venture partner"}],"dollarAmounts":[{"amount":"$170.7 million","context":"gross purchase price for Stonemont On the Park"},{"amount":"$560,000","context":"price per suite"},{"amount":"$10.0 million","context":"earnout contingent on exceeding financial targets"},{"amount":"$1.2 billion","context":"assets added through acquisitions and developments since 2025"},{"amount":"$625 million","context":"joint venture partnership with Fiera Infrastructure for long-term care redevelopments"}]},"model_name":"glm-5.3-flash","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-09-17T12:32:18.245Z","global_importance":28,"audience_relevance":15,"importance_components":{"fundingMix":"cash and credit facilities, no dilution","tickerTier":"mid-cap TSX-listed senior living operator","eventGravity":"single-asset acquisition of $170.7M plus $10M earnout","sectorWeight":"seniors' housing / long-term care","geographicFocus":"Canada (Ottawa, Ontario)"}},"durationMs":28231,"modelName":"glm-5.3-flash"}}