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Markham headquartered Extendicare announces agreement to acquire nine long-term care homes from Revera

Extendicare has entered into an agreement with Revera and certain of its affiliates to acquire nine Class C long-term care homes located in Ontario and Manitoba and one parcel of vacant land located in Ontario.
Seniors testing blood pressure

Closing of the Transaction is subject to customary closing conditions, including receipt of regulatory approvals from the Ontario Ministry of Long-Term Care, Ontario Retirement Home Regulatory Authority, and Manitoba Health and Winnipeg Regional Health Authority, and is not conditional on financing or due diligence. The Transaction is anticipated to close in mid-2025.

Full Article: globenewswire.com