Latest news with #Extendicare
Yahoo
a day ago
- Business
- Yahoo
Extendicare Acquires Nine Long-Term Care Homes from Revera
MARKHAM, Ontario, June 02, 2025 (GLOBE NEWSWIRE) -- Extendicare Inc. ('Extendicare') (TSX: 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 Beds(1) Retirement Beds Blenheim Community Village Blenheim, ON 57 30 Brierwood Gardens Brantford, ON 67 71 Riverbend Place Cambridge, ON 39 92 Summit Place Owen Sound, ON 99 77 Telfer Place Paris, ON 35 180 Village on the Ridge Ridgetown, ON 30 65 Trillium Court Kincardine, ON 34 59 Carlingview Manor(2) Ottawa, ON 250 – Poseidon Winnipeg, MB 211 – Total beds 822 574 (1) LTC beds excludes 133 third and fourth ward-style beds that have been taken out of service per regulatory requirements that are eligible to be reinstated upon redevelopment. (2) Carlingview Manor is in the process of being redeveloped into a new 320-bed LTC home that is owned by the joint venture between Extendicare and Axium. About Extendicare Extendicare is a leading provider of care and services for seniors across Canada, operating under the Extendicare, ParaMed, Extendicare Assist, and SGP Purchasing Network brands. We are committed to delivering quality care to meet the needs of a growing seniors' population, inspired by our mission to provide people with the care they need, wherever they call home. We operate a network of 99 long-term care homes (59 owned, 40 under management contracts), deliver approximately 11.2 million hours of home health care services annually, and provide group purchasing services to third parties representing approximately 148,200 beds across Canada. Extendicare proudly employs approximately 26,500 qualified, highly trained and dedicated team members who are passionate about providing high-quality care and services to help people live better. For further information, please contact: Investor Inquiries: David BaconExecutive Vice President and Chief Financial OfficerEmail: Phone: (905) 470-4000Sign in to access your portfolio
Globe and Mail
27-05-2025
- Business
- Globe and Mail
Extendicare Announces Voting Results for its 2025 Annual and Special Meeting of Shareholders
MARKHAM, Ontario, May 27, 2025 (GLOBE NEWSWIRE) -- Extendicare Inc. ('Extendicare' or the 'Company') (TSX: EXE) today announced the results of matters voted on at its annual and special meeting of shareholders held on May 27, 2025 (the 'Meeting'). The voting results for each of the matters considered at the Meeting are presented below. The total number of common shares represented by shareholders present in person or by proxy at the Meeting was 47,282,730, representing 56.41% of the Company's outstanding common shares. 1. Election of Directors On a vote by ballot, the election of the following nine nominees as directors of the Company to hold office until the next annual meeting of the Company, or until their respective successors are elected or appointed, was approved. The results of the vote on this matter are set out below. Nominee Votes For % Votes Against % Norma Beauchamp 46,177,249 98.73 592,188 1.27 Donald E. Clow 46,603,908 99.65 165,530 0.35 Dr. Michael Guerriere 46,645,613 99.74 123,825 0.26 Sandra L. Hanington 43,999,570 94.08 2,769,867 5.92 Brent Houlden 46,587,443 99.61 181,995 0.39 Heather-Anne Irwin 46,609,774 99.66 159,664 0.34 Donna E. Kingelin 46,644,110 99.73 125,328 0.27 Samir Manji 46,093,412 98.55 676,026 1.45 Alan D. Torrie 46,576,008 99.59 193,430 0.41 2. Appointment of Auditors On a vote by show of hands, the appointment of KPMG LLP as the auditors of the Company to hold office until the close of the next annual meeting of the Company at such remuneration as shall be fixed by the board of directors of the Company was approved. The results of the vote on this matter are set out below. Votes For % Votes Withheld % 41,212,290 87.18 6,059,857 12.82 3. Approval of Unallocated Entitlements Under and Amendment to Extendicare's Long Term Incentive Plan On a vote by show of hands, the ordinary resolution to approve all unallocated securities, rights or other entitlements under Extendicare's Long Term Incentive Plan and an amendment to the amendment provisions thereof, all as more particularly described in the Company's management information and proxy circular dated April 17, 2025 (the 'Information Circular'), was approved. The results of the vote on this matter are set out below. Votes For % Votes Against % 45,373,757 97.04 1,385,498 2.96 4. Approach to Executive Compensation On a vote by ballot, a non-binding advisory resolution to accept the Company's approach to executive compensation disclosed in the Company's Information Circular was approved. The results of the vote on this matter are set out below. Votes For % Votes Against % 44,185,736 94.48 2,583,675 5.52 About Extendicare Extendicare is a leading provider of care and services for seniors across Canada, operating under the Extendicare, ParaMed, Extendicare Assist, and SGP Purchasing Network brands. We are committed to delivering quality care to meet the needs of a growing seniors' population, inspired by our mission to provide people with the care they need, wherever they call home. As at March 31, 2025, we operated a network of 122 long-term care homes (50 owned, 72 under management contracts), delivered approximately 11.2 million hours of home health care services annually, and provided group purchasing services to third parties representing approximately 148,200 beds across Canada. Extendicare proudly employs approximately 24,000 qualified, highly trained and dedicated team members who are passionate about providing high-quality care and services to help people live better. Forward-looking Statements Information provided by Extendicare from time to time, including this release, contains or may contain forward-looking statements concerning anticipated future events, results, circumstances, economic performance or expectations with respect to Extendicare and its subsidiaries, including, without limitation: statements regarding its dividend levels, business operations, business strategy, growth strategy, results of operations and financial condition. Forward-looking statements can often be identified by the expressions 'anticipate', 'believe', 'estimate', 'expect', 'intend', 'objective', 'plan', 'project', 'will', 'may', 'should' or other similar expressions or the negative thereof. These forward-looking statements reflect the Company's current expectations regarding future results, performance or achievements and are based upon information currently available to the Company and on assumptions that the Company believes are reasonable. These statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the Company to differ materially from those expressed or implied in the statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on Extendicare's forward-looking statements. Further information can be found in the disclosure documents filed by Extendicare with the securities regulatory authorities, available at and on Extendicare's website at Except as required by applicable securities laws, the Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Extendicare contact:
Hamilton Spectator
27-05-2025
- Business
- Hamilton Spectator
Extendicare Announces Voting Results for its 2025 Annual and Special Meeting of Shareholders
MARKHAM, Ontario, May 27, 2025 (GLOBE NEWSWIRE) — Extendicare Inc. ('Extendicare' or the 'Company') (TSX: EXE) today announced the results of matters voted on at its annual and special meeting of shareholders held on May 27, 2025 (the 'Meeting'). The voting results for each of the matters considered at the Meeting are presented below. The total number of common shares represented by shareholders present in person or by proxy at the Meeting was 47,282,730, representing 56.41% of the Company's outstanding common shares. 1. Election of Directors On a vote by ballot, the election of the following nine nominees as directors of the Company to hold office until the next annual meeting of the Company, or until their respective successors are elected or appointed, was approved. The results of the vote on this matter are set out below. 2. Appointment of Auditors On a vote by show of hands, the appointment of KPMG LLP as the auditors of the Company to hold office until the close of the next annual meeting of the Company at such remuneration as shall be fixed by the board of directors of the Company was approved. The results of the vote on this matter are set out below. 3. Approval of Unallocated Entitlements Under and Amendment to Extendicare's Long Term Incentive Plan On a vote by show of hands, the ordinary resolution to approve all unallocated securities, rights or other entitlements under Extendicare's Long Term Incentive Plan and an amendment to the amendment provisions thereof, all as more particularly described in the Company's management information and proxy circular dated April 17, 2025 (the 'Information Circular'), was approved. The results of the vote on this matter are set out below. 4. Approach to Executive Compensation On a vote by ballot, a non-binding advisory resolution to accept the Company's approach to executive compensation disclosed in the Company's Information Circular was approved. The results of the vote on this matter are set out below. About Extendicare Extendicare is a leading provider of care and services for seniors across Canada, operating under the Extendicare, ParaMed, Extendicare Assist, and SGP Purchasing Network brands. We are committed to delivering quality care to meet the needs of a growing seniors' population, inspired by our mission to provide people with the care they need, wherever they call home. As at March 31, 2025, we operated a network of 122 long-term care homes (50 owned, 72 under management contracts), delivered approximately 11.2 million hours of home health care services annually, and provided group purchasing services to third parties representing approximately 148,200 beds across Canada. Extendicare proudly employs approximately 24,000 qualified, highly trained and dedicated team members who are passionate about providing high-quality care and services to help people live better. Forward-looking Statements Information provided by Extendicare from time to time, including this release, contains or may contain forward-looking statements concerning anticipated future events, results, circumstances, economic performance or expectations with respect to Extendicare and its subsidiaries, including, without limitation: statements regarding its dividend levels, business operations, business strategy, growth strategy, results of operations and financial condition. Forward-looking statements can often be identified by the expressions 'anticipate', 'believe', 'estimate', 'expect', 'intend', 'objective', 'plan', 'project', 'will', 'may', 'should' or other similar expressions or the negative thereof. These forward-looking statements reflect the Company's current expectations regarding future results, performance or achievements and are based upon information currently available to the Company and on assumptions that the Company believes are reasonable. These statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the Company to differ materially from those expressed or implied in the statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on Extendicare's forward-looking statements. Further information can be found in the disclosure documents filed by Extendicare with the securities regulatory authorities, available at and on Extendicare's website at . Except as required by applicable securities laws, the Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Extendicare contact: Jillian E. Fountain Vice President, Investor Relations T: (905) 470-5534 E: jfountain@
Yahoo
27-05-2025
- Business
- Yahoo
Extendicare Announces Voting Results for its 2025 Annual and Special Meeting of Shareholders
MARKHAM, Ontario, May 27, 2025 (GLOBE NEWSWIRE) -- Extendicare Inc. ('Extendicare' or the 'Company') (TSX: EXE) today announced the results of matters voted on at its annual and special meeting of shareholders held on May 27, 2025 (the 'Meeting'). The voting results for each of the matters considered at the Meeting are presented below. The total number of common shares represented by shareholders present in person or by proxy at the Meeting was 47,282,730, representing 56.41% of the Company's outstanding common shares. 1. Election of Directors On a vote by ballot, the election of the following nine nominees as directors of the Company to hold office until the next annual meeting of the Company, or until their respective successors are elected or appointed, was approved. The results of the vote on this matter are set out below. Nominee Votes For % Votes Against % Norma Beauchamp 46,177,249 98.73 592,188 1.27 Donald E. Clow 46,603,908 99.65 165,530 0.35 Dr. Michael Guerriere 46,645,613 99.74 123,825 0.26 Sandra L. Hanington 43,999,570 94.08 2,769,867 5.92 Brent Houlden 46,587,443 99.61 181,995 0.39 Heather-Anne Irwin 46,609,774 99.66 159,664 0.34 Donna E. Kingelin 46,644,110 99.73 125,328 0.27 Samir Manji 46,093,412 98.55 676,026 1.45 Alan D. Torrie 46,576,008 99.59 193,430 0.41 2. Appointment of Auditors On a vote by show of hands, the appointment of KPMG LLP as the auditors of the Company to hold office until the close of the next annual meeting of the Company at such remuneration as shall be fixed by the board of directors of the Company was approved. The results of the vote on this matter are set out below. Votes For % Votes Withheld % 41,212,290 87.18 6,059,857 12.82 3. Approval of Unallocated Entitlements Under and Amendment to Extendicare's Long Term Incentive Plan On a vote by show of hands, the ordinary resolution to approve all unallocated securities, rights or other entitlements under Extendicare's Long Term Incentive Plan and an amendment to the amendment provisions thereof, all as more particularly described in the Company's management information and proxy circular dated April 17, 2025 (the 'Information Circular'), was approved. The results of the vote on this matter are set out below. Votes For % Votes Against % 45,373,757 97.04 1,385,498 2.96 4. Approach to Executive Compensation On a vote by ballot, a non-binding advisory resolution to accept the Company's approach to executive compensation disclosed in the Company's Information Circular was approved. The results of the vote on this matter are set out below. Votes For % Votes Against % 44,185,736 94.48 2,583,675 5.52 About Extendicare Extendicare is a leading provider of care and services for seniors across Canada, operating under the Extendicare, ParaMed, Extendicare Assist, and SGP Purchasing Network brands. We are committed to delivering quality care to meet the needs of a growing seniors' population, inspired by our mission to provide people with the care they need, wherever they call home. As at March 31, 2025, we operated a network of 122 long-term care homes (50 owned, 72 under management contracts), delivered approximately 11.2 million hours of home health care services annually, and provided group purchasing services to third parties representing approximately 148,200 beds across Canada. Extendicare proudly employs approximately 24,000 qualified, highly trained and dedicated team members who are passionate about providing high-quality care and services to help people live better. Forward-looking Statements Information provided by Extendicare from time to time, including this release, contains or may contain forward-looking statements concerning anticipated future events, results, circumstances, economic performance or expectations with respect to Extendicare and its subsidiaries, including, without limitation: statements regarding its dividend levels, business operations, business strategy, growth strategy, results of operations and financial condition. Forward-looking statements can often be identified by the expressions 'anticipate', 'believe', 'estimate', 'expect', 'intend', 'objective', 'plan', 'project', 'will', 'may', 'should' or other similar expressions or the negative thereof. These forward-looking statements reflect the Company's current expectations regarding future results, performance or achievements and are based upon information currently available to the Company and on assumptions that the Company believes are reasonable. These statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the Company to differ materially from those expressed or implied in the statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on Extendicare's forward-looking statements. Further information can be found in the disclosure documents filed by Extendicare with the securities regulatory authorities, available at and on Extendicare's website at Except as required by applicable securities laws, the Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Extendicare contact: Jillian E. Fountain Vice President, Investor RelationsT: (905) 470-5534 E: jfountain@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26-04-2025
- Business
- Yahoo
Extendicare Inc. (TSE:EXE) Looks Like A Good Stock, And It's Going Ex-Dividend Soon
It looks like Extendicare Inc. (TSE:EXE) is about to go ex-dividend in the next three days. The ex-dividend date generally occurs two days before the record date, which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade can take two business days or more to settle. In other words, investors can purchase Extendicare's shares before the 30th of April in order to be eligible for the dividend, which will be paid on the 15th of May. The company's next dividend payment will be CA$0.042 per share, on the back of last year when the company paid a total of CA$0.48 to shareholders. Looking at the last 12 months of distributions, Extendicare has a trailing yield of approximately 3.6% on its current stock price of CA$13.35. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Dividends are typically paid out of company income, so if a company pays out more than it earned, its dividend is usually at a higher risk of being cut. Extendicare is paying out an acceptable 54% of its profit, a common payout level among most companies. Yet cash flow is typically more important than profit for assessing dividend sustainability, so we should always check if the company generated enough cash to afford its dividend. Thankfully its dividend payments took up just 39% of the free cash flow it generated, which is a comfortable payout ratio. It's encouraging to see that the dividend is covered by both profit and cash flow. This generally suggests the dividend is sustainable, as long as earnings don't drop precipitously. View our latest analysis for Extendicare Click here to see the company's payout ratio, plus analyst estimates of its future dividends. Companies with consistently growing earnings per share generally make the best dividend stocks, as they usually find it easier to grow dividends per share. Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. It's encouraging to see Extendicare has grown its earnings rapidly, up 40% a year for the past five years. Management appears to be striking a nice balance between reinvesting for growth and paying dividends to shareholders. Earnings per share have been growing quickly and in combination with some reinvestment and a middling payout ratio, the stock may have decent dividend prospects going forwards. Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. Extendicare's dividend payments are broadly unchanged compared to where they were 10 years ago. From a dividend perspective, should investors buy or avoid Extendicare? We like Extendicare's growing earnings per share and the fact that - while its payout ratio is around average - it paid out a lower percentage of its cash flow. There's a lot to like about Extendicare, and we would prioritise taking a closer look at it. While it's tempting to invest in Extendicare for the dividends alone, you should always be mindful of the risks involved. Our analysis shows 1 warning sign for Extendicare and you should be aware of this before buying any shares. Generally, we wouldn't recommend just buying the first dividend stock you see. Here's a curated list of interesting stocks that are strong dividend payers. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
