Earnings
January 18, 2019 - MKP
New! MCAN Mortgage Corp. -Q3-2018 Earnings & Price Target Update .....
January 17, 2019 - AI
Atrium Mortgage Investment Corp. Q3-2018 Earnings -Price Target Forecast .....
January 16, 2019 - FC
Firm Capital Mortgage Investment Corp. Q3-2018 Earmings - Price Target Fore .....
January 15, 2019 - SJR.B
Shaw Communications Inc. Fiscal Q1-2019 Earnings & Price Target Forecast .....
January 13, 2019 - CRT.UN
CT Real Estate Investment Trust - Q3-2018 Earnings & Price Target Forecast .....
January 12, 2019 - NVU.UN
Northview Apartment REIT-Q3-2018 Earnings & Price Target Forecast .....
January 11, 2019 - GRT.UN
Granite REIT- Q3-2018 Earnings & Price Target Forecast .....
January 10, 2019 - RUF.UN
Pure Multi Family REIT - Q3-2018 Earnings, Price Target Forecast .....
Recommendation Changes
MKP, AI, RUF.UN, HOT.UN, BPY.UN, more...

Extendicare Inc. Q3-2018 Earnings & Forecast

This is only a sample of the article, please login to view the entire article

Extendicare(EXE) is a provider of care and services for seniors in Canada, through a network of 120 operated senior care and living centres (67 owned/53 managed), as well as home health care operations through ParaMed Inc. Extendicare owns and operates retirement communities under the Esprit Lifestyle Communities brand, provides management and consulting services to third-party owners of senior care and living centres through its Extendicare Assist division, and provides group purchasing services to third-party clients through its SGP Purchasing Partner Network division. Extendicare owned and operated 58 LTC centres, 9 retirement communities, and managed 53 senior care and living centres for third parties. As of Sept-30-2018 total assets were $914M.

During Q2-2018 the number of retirement communities increased by 2 and operations under management increased by 5. In total, they operate 120 senior care and living centres across four provinces in Canada, with capacity for 15, 538 residents, with a significant presence in Ontario and Alberta, 77% and 11% of its residents, respectively were served. ParaMed's home health care services operated from 35 locations across six provinces providing 11M hours of service annually. The SGP Purchasing Partner Network provided group purchasing services to third-party clients representing over 50,300 seniors across Canada. In the first six months of 2018, approximately 56% of revenues from Canadian operations was derived from long-term care operations, 39% was from home health care business, 3% was from retirement living operations, and the balance was from management, consulting and group purchasing operations.

Extendicare and its predecessors have been in operation since 1968, providing care and services to seniors in North America. On Jul-1-2015, Extendicare completed the sale of substantially all of its U.S. business and senior care operations. This transaction was part of a strategy to exit from US operations where they encountered costly legal and regulatory issues. They now intend to focus only on Canada.

You must be a member to view the entire article, please subscribe or login


Login
Username
Password
New Issues & Acquisition
January 18, 2019
New! Coverage Universe - Weekly Price Changes - Jan 11-18, 2019
January 17, 2019
New! TD Bank Preferred Share 5.2% Rate Reset New Issue
January 14, 2019
New! CIBC 5.2% Rate Reset Preferred Share New Issue
January 11, 2019
Coverage Universe - Weekly Price Changes - Jan 4-11, 2019
January 4, 2019
Coverage Universe - Weekly Price Changes - Dec 28 - Jan 4, 2019
December 28, 2018
Coverage Universe - Weekly Price Changes - Dec 21-28, 2018
December 21, 2018
Coverage Universe - Weekly Price Changes - Dec 14-21, 2018
December 14, 2018
Coverage Universe - Weekly Price Changes Dec 7-14, 2018