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Day: June 3, 2025

Extendicare Acquires Nine Long-Term Care Homes from Revera

Written by Customer Service on . Posted in Mergers And Acquisitions.

MARKHAM, Ontario, June 02, 2025 (GLOBE NEWSWIRE) — Extendicare Inc. (“Extendicare”) (TSX: EXE.TO) announced today that, effective June 1, 2025, it has completed the previously announced transaction with Revera Inc. and certain of its affiliates to acquire nine “Class C” long-term care homes (the “Acquired Homes”) located in Ontario and Manitoba and one parcel of vacant land located in Ontario (the “Transaction”). The consideration for the Transaction was approximately $60.3 million, comprised of $40.2 million in cash and the assumption of certain liabilities of $20.1 million, including government funding reimbursement obligations and committed capital maintenance project obligations, excluding transaction costs. The purchase price was funded from cash on hand. The Acquired Homes are set out in the table below.Name Address LTC...

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