Investor Fact Sheet
Extendicare Real Estate Investment Trust (Extendicare REIT) was formed on November 10, 2006 through a Plan of Arrangement (the Arrangement) that resulted in the businesses of Extendicare Inc. (Extendicare) being converted to a Canadian real estate investment trust. Also as part of the Arrangement, Extendicare’s wholly owned subsidiary, Assisted Living Concepts, Inc., which operated the majority of Extendicare’s assisted living facilities, was distributed to Extendicare's REIT unitholders, with its shares (symbol: ALC) listed on the New York Stock Exchange.
Founded in 1968, Extendicare is one of North America’s largest long-term care providers with 264 senior care facilities and capacity for approximately 29,500 residents. Over the last 40 years, Extendicare has developed a reputation for providing quality, clinically-based services in a cost-effective manner. The hallmarks of Extendicare’s philosophy are dignity and respect, which guide its interactions with residents and their families, as well as with staff and business partners. Extendicare’s goal is to be the provider of choice in every community where it operates.
In the United States, Extendicare’s wholly owned subsidiary, Extendicare Health Services, Inc.,(EHSI) operates 181 senior care facilities in the United States with approximately 17,900 beds. EHSI offers a continuum of health care services, including nursing care, assisted living and related medical specialty services, such as subacute care and rehabilitative therapy on an inpatient and outpatient basis. EHSI also applies its operating expertise, extensive resources and economies of scale to provide purchasing, management, and consulting services to third-party providers.
Also in the U.S., Extendicare’s wholly owned subsidiary, Virtual Care Provider, Inc., provides a range of information technology solutions to long-term care providers.
In Canada, Extendicare operates through its wholly owned subsidiary, Extendicare (Canada) Inc. (ECI). ECI operates 83 senior care facilities with capacity for approximately 11,600 beds. ECI is also a major provider of home health care in Canada through its ParaMed Home Health Care division and, like EHSI, provides purchasing, management and consulting services to third-party providers.
