Core Viewpoint - Extendicare Inc. announced the acquisition of Closing the Gap Healthcare Group Inc. by its subsidiary ParaMed Inc. for approximately $75.5 million, enhancing its home health care services in Ontario and Nova Scotia [1][3][4]. Transaction Details - The acquisition is structured on a debt-free, cash-free basis, with an earnout tied to new business revenue generation expected in the first year post-closing [3][8]. - The transaction is subject to customary closing conditions and is anticipated to close in the third quarter of 2025 [2]. Company Background - Closing the Gap has been a leader in home and community healthcare for 35 years, providing a range of services including personal support, nursing, physiotherapy, and social work [5][4]. - In 2024, Closing the Gap delivered over 1.1 million service hours through approximately 1,200 caregivers [5]. Financial Impact - The acquisition is projected to add approximately $84.2 million in revenue to Extendicare's home health care segment for 2024, with similar margins to ParaMed [6]. - The combined service volumes for the home health care segment would reach approximately 12.1 million hours with an average daily volume of 33,164 [7]. - The earnout from the transaction is estimated to be between $3.5 million and $5.5 million, contributing an additional $7.0 to $11.0 million in revenue [8]. Synergies and Growth Potential - The integration of back-office functions is expected to generate approximately $1.1 million in annualized cost synergies in the first year following the closing [8]. - The acquisition is seen as a strategic move to enhance Extendicare's capabilities and market presence in the home health care sector [4].

Company Overview - Community Healthcare Trust Incorporated is a real estate investment trust (REIT) focused on owning income-producing real estate properties primarily associated with outpatient healthcare services across the United States [3] - As of March 31, 2025, the Company had investments totaling approximately $1.2 billion in 201 real estate properties, covering about 4.5 million square feet across 36 states [3] Financial Performance - For the three months ended March 31, 2025, the Company reported a net income of approximately $1.6 million, or $0.03 per diluted common share [1] - Funds from operations (FFO) and adjusted funds from operations (AFFO) for the same period were $0.47 and $0.55 per diluted common share, respectively [1][12] Revenue and Expenses - Rental income for the first quarter of 2025 was $29.73 million, an increase from $28.34 million in the same period of 2024 [10] - Total expenses for the first quarter of 2025 were $22.14 million, compared to $20.61 million in the first quarter of 2024 [11] Property Transactions - During the first quarter of 2025, the Company acquired a property for approximately $9.7 million, funded through its Revolving Credit Facility [6] - The Company disposed of a building in Ohio, receiving net proceeds of approximately $0.6 million [6] - There are seven properties under definitive purchase agreements, with an expected aggregate purchase price of approximately $169.5 million, anticipated to close throughout 2025, 2026, and 2027 [6] Dividends - The Company's Board of Directors declared a quarterly common stock dividend of $0.47 per share, payable on May 23, 2025, to stockholders of record on May 9, 2025 [6]