When Did Extendicare Buy Revera?

In March 2022, Extendicare, a publicly traded long-term care provider, announced an agreement to purchase competitor Revera’s shares in 18 long-term care homes and manage an additional 31 Revera-owned homes. Extendicare also announced a partnership with Axium Infrastructure Inc., a Montreal-based investment management company, to redevelop the Revera homes involved in the deal. However, the agreement is awaiting approval by the Ministry of Long-Term Care and Extendicare investors anticipate approval later in the year.

Is Extendicare Government Owned?

No, Extendicare is not government-owned. It is a publicly traded long-term care provider in Ontario, Canada. The company is a major player in the long-term care industry, holding a considerable number of shares through acquisitions and market manoeuvres, with the official approval process being carried out by the Ministry of Long-Term Care. Despite operating in a sector with significant government regulations and funds, Extendicare is a private entity and its operational and financial decisions are not directly controlled by the government.

However, their actions, especially related to acquisitions or management changes, are subject to approval by governmental bodies like the Ministry of Long-Term Care. Extendicare has also been a part of various partnerships with other private entities, like Axium Infrastructure Inc., to further their operations and presence in the long-term care sector.

Who Owns Extendicare?

Extendicare is a publicly traded company, which means it is owned by shareholders who have purchased shares in the company on the open market. The majority ownership, however, can change as per acquisition agreements and partnerships. As reported in March 2022, Extendicare announced an agreement to buy Revera’s shares in 18 long-term care homes and manage the remaining 31 Revera-owned homes.

The company also announced that it would partner with Axium Infrastructure Inc., an investment management company based in Montreal. However, the specific ownership details post these agreements have not been explicitly clarified, and these need to be approved by the Ministry of Long-Term Care.

Is Extendicare Public or Private?

Extendicare is a private, for-profit company. It is a publicly traded long-term care provider, implying that its shares are bought and sold on the stock market, but its operations and management decisions are carried out privately. Extendicare was involved in significant acquisitions and market manoeuvres in the long-term care industry in Ontario, Canada, including buying shares in other elder care companies and managing long-term care homes. Despite being partially public in terms of its stock trading, the company operates independently, with little transparency and minimal public input in its decision-making processes.

Revera Long Term Care Locations

Revera Inc., a major player in the long-term care industry in Canada, operates many long-term care homes across the country, particularly in Ontario.

Revera has entered into an agreement to sell shares in 18 of its long-term care homes to Extendicare, another publicly traded long-term care provider. Extendicare also agreed to manage the remaining 31 homes owned by Revera. After approval of the deal, the management or ownership landscape of Revera’s long-term care homes may significantly change, which makes it difficult to provide the exact locations of Revera’s long-term care homes.

For the most up-to-date information on Revera’s long-term care home locations, it would be best to directly consult Revera’s official website or contact them directly.

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