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Sonida Announces General Counsel Transition

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Sonida Senior Living (NYSE: SNDA) announced the appointment of Tabitha Bailey as senior vice president and chief legal officer, effective January 1, 2025. Bailey will succeed David Brickman, who is stepping down after 32 years with the company. Brickman will provide consulting services from January to June 2025 to ensure a smooth transition. Bailey, previously chief legal officer at Avantax, brings extensive experience in M&A and public company transactions, having led a $1.2B take-private merger. She will oversee all legal matters and support Sonida's growth strategy to expand its senior living portfolio.

Sonida Senior Living (NYSE: SNDA) ha annunciato la nomina di Tabitha Bailey come vicepresidente senior e chief legal officer, con effetto dal 1 gennaio 2025. Bailey succederà a David Brickman, che si dimette dopo 32 anni di carriera nell'azienda. Brickman fornirà servizi di consulenza da gennaio a giugno 2025 per garantire una transizione fluida. Bailey, precedentemente chief legal officer di Avantax, porta con sé una vasta esperienza in M&A e operazioni con aziende pubbliche, avendo guidato una fusione da 1,2 miliardi di dollari per privare l'azienda. Supervisionerà tutte le questioni legali e sosterrà la strategia di crescita di Sonida per espandere il suo portafoglio di abitazioni per anziani.

Sonida Senior Living (NYSE: SNDA) anunció el nombramiento de Tabitha Bailey como vicepresidenta senior y directora legal, a partir del 1 de enero de 2025. Bailey sucederá a David Brickman, quien dejará el cargo tras 32 años en la empresa. Brickman brindará servicios de consultoría desde enero hasta junio de 2025 para asegurar una transición fluida. Bailey, anteriormente directora legal de Avantax, trae una amplia experiencia en M&A y transacciones de empresas públicas, habiendo liderado una fusión de 1.2 mil millones de dólares. Supervisará todos los asuntos legales y apoyará la estrategia de crecimiento de Sonida para ampliar su portafolio de vivienda para personas mayores.

Sonida Senior Living (NYSE: SNDA)가 Tabitha Bailey를 수석 부사장 겸 최고 법률 책임자로 임명한다고 발표했습니다. 이는 2025년 1월 1일부터 효력을 발생합니다. Bailey는 32년 동안 회사를 이끌었던 David Brickman의 뒤를 잇게 됩니다. Brickman은 매끄러운 전환을 보장하기 위해 2025년 1월부터 6월까지 상담 서비스를 제공할 것입니다. Bailey는 이전에 Avantax의 최고 법률 책임자로 재직하며, M&A 및 공개 회사 거래에 대한 광범위한 경험을 가지고 있으며, 12억 달러의 비상장 합병을 이끌었습니다. 그녀는 모든 법적 문제를 감독하고 Sonida의 노인 주거 포트폴리오 확장을 위한 성장 전략을 지원할 것입니다.

Sonida Senior Living (NYSE: SNDA) a annoncé la nomination de Tabitha Bailey en tant que vice-présidente senior et directrice juridique, à compter du 1er janvier 2025. Bailey succédera à David Brickman, qui démissionne après 32 ans de service dans l'entreprise. Brickman fournira des services de consultation de janvier à juin 2025 pour assurer une transition en douceur. Bailey, auparavant directrice juridique chez Avantax, apporte une vaste expérience en matière de fusions et acquisitions et de transactions avec des sociétés cotées en bourse, ayant dirigé une fusion de 1,2 milliard de dollars pour une privatisation. Elle supervisera toutes les questions juridiques et soutiendra la stratégie de croissance de Sonida pour élargir son portefeuille de logements pour personnes âgées.

Sonida Senior Living (NYSE: SNDA) gab die Ernennung von Tabitha Bailey zur Senior Vice President und Chief Legal Officer bekannt, die am 1. Januar 2025 in Kraft tritt. Bailey wird David Brickman nachfolgen, der nach 32 Jahren im Unternehmen zurücktritt. Brickman wird von Januar bis Juni 2025 Beratungsdienste anbieten, um einen reibungslosen Übergang sicherzustellen. Bailey, die zuvor Chief Legal Officer bei Avantax war, bringt umfassende Erfahrung in M&A und Transaktionen öffentlicher Unternehmen mit und hat eine Übernahme in Höhe von 1,2 Milliarden Dollar geleitet. Sie wird alle rechtlichen Angelegenheiten überwachen und Sonidas Wachstumsstrategie zur Erweiterung des Portfolios für Senioren unterstützen.

Positive
  • Smooth leadership transition planned with 6-month consulting agreement
  • New CLO brings significant M&A experience, particularly in $1.2B deals
  • Strategic appointment aligns with company's inorganic growth objectives
Negative
  • None.

DALLAS--(BUSINESS WIRE)-- Sonida Senior Living, Inc. (“Sonida” or the “Company”) (NYSE: SNDA), a leading owner, operator and investor in senior living communities, announced today that Tabitha Bailey will be appointed senior vice president and chief legal officer, effective January 1, 2025, reporting to President and Chief Executive Officer, Brandon Ribar. Ms. Bailey will succeed David Brickman, who will be stepping down from his current role to pursue other opportunities after a distinguished, 32-year career with Sonida. In the interim, Mr. Brickman and Ms. Bailey will be working closely together to ensure a seamless transition. To assist through this period, the Company and Mr. Brickman have entered into a six-month consulting agreement pursuant to which Mr. Brickman will perform consulting services for the Company for the period beginning on January 1, 2025 and ending on June 30, 2025.

As chief legal officer and a member of the executive committee, Ms. Bailey will oversee all legal matters including corporate, transactions, regulatory and compliance. Her history of success with rapidly growing companies and a wide range of M&A and commercial transactions within both public and private markets will be key to Sonida's inorganic, accretive growth strategy, which aims to further expand and upgrade its portfolio to fully leverage operating scale and efficiencies.

“Tabitha is an incredibly accomplished attorney and dynamic leader who joins Sonida with extensive experience, having aided the successful growth of multiple companies and having led the negotiations and closings of numerous complex deals,” said Ribar. “She is a significant addition to the leadership team as we continue working diligently to scale the business, drive a high-performance culture and achieve greater results for the company and our stakeholders. Her talent and experience positions Sonida for a seamless transition within the crucial legal function.”

“David has been a valued and instrumental team member for more than three decades and has helped steward the Company successfully through many phases, challenges and achievements,” Ribar continued. “He leaves our company and the legal function well-positioned for the future, and we thank him for his significant contributions to Sonida throughout his tenure.”

Ms. Bailey joins Sonida with deep public and private company experience. She was most recently chief legal officer at Avantax, Inc. (formerly NASDAQ: AVTA), successfully completing a $1.2B take-private merger with a private equity owned competitor. Prior to that, she was vice president, general counsel and corporate secretary at TransAtlantic Petroleum Ltd. (formerly NYSE: TAT). Earlier in her career at law firms Haynes and Boone, LLP and subsequently, Akin Gump Strauss Hauer & Feld LLP, she represented public companies listed on the NYSE or NASDAQ and served as lead counsel on numerous public and private securities offerings and M&A transactions.

Ms. Bailey holds a bachelor's degree in international studies from the University of Mississippi and juris doctorate from Vanderbilt University Law School. She was named 2023 DFW General Counsel of the Year for a Midsized Legal Department by the Association of Corporate Counsel’s DFW Chapter and The Texas Lawbook.

About Sonida

Dallas-based Sonida Senior Living, Inc. is a leading owner, operator and investor in independent living, assisted living and memory care communities and services for senior adults. The Company provides compassionate, resident-centric services and care as well as engaging programming operating 91 senior housing communities in 20 states with an aggregate capacity of approximately 9,500 residents, including 78 communities which the Company owns (including eight communities in which the Company owns varying interests through two separate joint ventures), and 13 communities that the Company manages on behalf of a third-party.

For more information, visit www.sonidaseniorliving.com or connect with the Company on Facebook, X or LinkedIn. 

Investor Relations

Jason Finkelstein

IGNITION IR

ir@sonidaliving.com

Source: Sonida Senior Living, Inc.

FAQ

When will Tabitha Bailey start as Sonida's (SNDA) new chief legal officer?

Tabitha Bailey will start as Sonida's chief legal officer on January 1, 2025.

How long will David Brickman provide consulting services to Sonida (SNDA)?

David Brickman will provide consulting services for six months, from January 1, 2025 to June 30, 2025.

What was Tabitha Bailey's most recent position before joining Sonida (SNDA)?

Before joining Sonida, Tabitha Bailey was chief legal officer at Avantax, Inc., where she completed a $1.2B take-private merger.

Sonida Senior Living, Inc.

NYSE:SNDA

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