Earnings
October 31, 2020 - TRP
New! TC Energy Corp. Q3-2020 Earnings - Price Target Update .....
October 30, 2020 - CU
New! Canadian Utilities Ltd Q3-2020 Earnings, Price Target Update .....
October 29, 2020 - FN
New! First National Financial Corp. Q3-2020 Earnings, Price Target Update .....
October 28, 2020 - AW.UN
A&W Revenue Royalties Income Fund - Q3-2020 Earnings, Price Target Update .....
October 25, 2020 - AP.UN
Allied Properties REIT - Q2-2020 Earninng, Price Target Update .....
October 24, 2020 - NWH.UN
Northwest Healthcare Properties REIT - Q2-2020 Earnings, Price Target Updat .....
October 23, 2020 - RCI.B
Rogers Communications Inc. Q3-2020 Earnings & Price Target Update .....
October 22, 2020 - LB
Laurentian Bank of Canada - Q3-2020 Earnings, Price Target Update .....
Recommendation Changes
AW.UN, RCI.B, BPF.UN, EXE, AX.UN, more...

Extendicare Inc. Q2-2020 Earnings, Price Target Update

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

Extendicare Inc. (EXE) and its predecessors have been in operation since 1968 and is one of the largest private-sector owner/operators of long-term care (LTC) homes in Canada and the largest private-sector provider of publicly funded home health care services in Canada through its wholly owned subsidiary ParaMed Inc. In addition, they own and operate retirement communities in secondary markets under the Esprit Lifestyle Communities brand. As well, the Company provides business-to-business services through its Extendicare Assist division (contract and consulting) and SGP Purchasing Partner Network (SGP) division (group purchasing).

Extendicare Inc. operations include 58 Long Term Care homes and 11 retirement living communities, and provide contract services to 53 LTC homes and retirement communities for third parties through Extendicare Assist. In total, Extendicare operates or provides contract services to a network of 122 LTC homes and retirement communities across four provinces in Canada, with capacity for 15,733 residents. The majority of these homes are in Ontario and Alberta, which accounted for 77% and 11% of residents served, respectively. In addition to providing group purchasing services to their own operations, third-party clients represent 75,200 senior residents across Canada. The home health care segment operates as ParaMed from 34 locations across five provinces (29 in Ontario, 2 in Alberta, 1 in Manitoba, 1 in Nova Scotia and 1 in Quebec).

The Long Term Care segment contributes 56% of net operating income, Home Healthcare – 10% and the balance split between Retirement Living and providing management services to operators of seniors care facilities. In total, Extendicare operated or provided contract services to a network of 121 LTC centres and retirement living communities across four provinces in Canada, with capacity for approximately 16,000 residents. The majority of these centres are in Ontario and Alberta, which accounted for 77% and 11% of residents served, respectively. There are nine LTC centres in Ontario that Extendicare operates under 25-year lease arrangements, with full ownership obtained at the end of the leases, which expire between 2026 and 2028. In addition they own land adjacent to their retirement residence at Lynde Creek in Whitby, Ontario, on which there is an enclave of 113 townhomes, known as Lynde Creek Village, that are leased to seniors under life leases. 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
October 30, 2020
New! Coverage Universe - Weekly Price Change: Oct 23-30, 2020
October 23, 2020
Coverage Universe - Weekly Price Change: Oct 16-23, 2020
October 16, 2020
Coverage Universe - Weekly Price Change: Oct 9-16, 2020
October 9, 2020
Coverage Universe - Weekly Price Change: Oct 2-9, 2020
October 2, 2020
Coverage Universe - Weekly Price Change: Sept 25-Oct 2, 2020
September 25, 2020
Coverage Universe - Weekly Price Change: Sept 18-25, 2020
September 18, 2020
Coverage Universe - Weekly Price Change: Sept 11-18, 2020
September 11, 2020
Coverage Universe - Weekly Price Change: Sept 4-11, 2020