MARKHAM, Ontario, Dec. 12, 2025 (GLOBE NEWSWIRE) -- Extendicare Inc. (“Extendicare” or the “Company”) (TSX: EXE) announced that it has declared a cash dividend of C$0.042 per common share of the Company for the month of December 2025, which is payable on January 15, 2026 to shareholders of record at the close of business on December 31, 2025. This dividend is designated as an “eligible dividend” within the meaning of the Income Tax Act (Canada). About Extendicare Extendicare is a leading provider of care a ...

MARKHAM, Ontario, Dec. 12, 2025 (GLOBE NEWSWIRE) -- Extendicare Inc. (“Extendicare” or the “Company”) (TSX: EXE) announced that it has declared a cash dividend of C$0.042 per common share of the Company for the month of December 2025, which is payable on January 15, 2026 to shareholders of record at the close of business on December 31, 2025. This dividend is designated as an “eligible dividend” within the meaning of the Income Tax Act (Canada). About Extendicare Extendicare is a leading provider of care a ...

Group 1 - The core idea of the articles highlights the development of a comprehensive age-friendly society in Neijiang, focusing on the needs of both the elderly and children, thereby enhancing the quality of life for all residents [1][2][4] - Neijiang has invested over 1.2 billion yuan in the construction of a senior service center, which will provide 500 beds and integrate healthcare, leisure, and cultural services [1] - The city has completed the renovation of 177 old residential communities, adding 314 elevators and making 913 homes more suitable for elderly residents [2] Group 2 - The establishment of community-based facilities, such as the 1,400 square meter cultural practice station, offers various spaces for children and elderly activities, fulfilling the needs of both demographics [2] - Neijiang has implemented free public childcare programs during school breaks, addressing the needs of working families and ensuring children have access to engaging activities [3] - The senior service center adopts a "public-private partnership" model, focusing on providing affordable and accessible care for the elderly, particularly those with disabilities [2]

Group 1 - Alignment Healthcare, Inc. will present at the Piper Sandler 37th Annual Healthcare Conference in New York on December 3 at 10 a.m. EST [1] - The company focuses on empowering seniors to age well and live vibrant lives through its Medicare Advantage offerings [2] - Alignment Healthcare partners with trusted local providers to deliver coordinated care using a customized care model and technology [2] Group 2 - The company emphasizes high-quality, low-cost care for its members, showcasing its commitment to serving seniors [2] - Alignment Healthcare's core values include leading with a serving heart and prioritizing the needs of seniors [2]

Summary of Extendicare's Conference Call Company Overview - Extendicare is a leading Canadian provider of seniors' care and services, operating in three segments: long-term care, home health care, and managed services [2][3] - The company has a strong presence in the long-term care sector, operating 99 homes and is the largest operator in Canada [2] Acquisition of CBI Home Health - Extendicare announced the acquisition of CBI Home Health, which is expected to create the largest home health care platform in Canada [4][16] - CBI Home Health delivered over 10 million hours of service and generated CAD 478 million in revenue with CAD 62 million in adjusted EBITDA for the 12 months ending July 31, 2025 [4] - The acquisition is immediately accretive to earnings per share and will be funded through a combination of credit facility upsizing, a private placement equity offering, and cash on hand [4] Financial Performance and Growth Strategy - Extendicare's consolidated revenue is projected to reach CAD 1.7 billion with an adjusted EBITDA of CAD 166 million on a pro forma basis as of September 30, 2025 [12] - The company has achieved a 55% cumulative average growth rate in adjusted EBITDA since 2022, driven by M&A and operational execution [12] - The acquisition of CBI Home Health is expected to provide CAD 7.4 million in IT and cost synergies within the first two years, reducing the purchase price multiple from 9.4 to 8.4 times adjusted EBITDA [14] Market Dynamics and Demand - The Canadian seniors' care market is characterized by favorable demographics, with the number of Canadians aged 85 and older expected to double by 2036 and triple by 2051 [6] - There is a significant supply-demand imbalance in long-term care beds, with the ratio of beds per 1,000 Ontarians over 75 declining steadily [7] - Home health services are increasingly in demand due to pressures on acute care hospitals and a shortage of long-term care beds [8] Business Segments and Operations - Extendicare's business model is diversified, with nearly 55% of net operating income (NOI) derived from service segments [6] - The long-term care segment has returned to pre-pandemic occupancy levels, with occupancy rates above 97% [13] - Managed services, which include management and consulting services, have a high NOI margin of 50-55% [9] Future Outlook - Extendicare plans to continue pursuing development activities in a capital-efficient manner through its joint venture with Axiom Infrastructure, with multiple projects in the pipeline [10] - The acquisition of CBI Home Health enhances Extendicare's capabilities and geographic footprint, particularly in Alberta, and aligns with its services-focused strategy [16] Conclusion - The acquisition of CBI Home Health is a transformative step for Extendicare, positioning it to capitalize on favorable industry dynamics and enhance its service offerings [16]

Core Insights - Extendicare Inc. reported its strongest performance in recent years for Q3 2025, with significant margin improvements across all segments and a notable increase in home health care volumes by almost 25% year-over-year, driven by both organic growth and acquisitions [3][6]. Financial Performance - Revenue for Q3 2025 increased by $81.2 million to $440.3 million, representing a 22.1% increase when excluding out-of-period funding impacts [9]. - Adjusted EBITDA for Q3 2025 rose by $14.7 million to $50.8 million, reflecting a 36.6% increase compared to Q3 2024 [9][8]. - Net earnings for Q3 2025 increased by $7.8 million or 48.0% to $24.1 million, primarily due to the rise in Adjusted EBITDA [9]. Segment Performance - Long-term care revenue increased by $36.1 million or 17.9% to $237.9 million in Q3 2025, with NOI rising to $31.6 million and a margin of 13.3% [13][14]. - Home health care revenue reached $186.8 million in Q3 2025, a 35.0% increase from Q3 2024, with an average daily volume (ADV) growth of 24.6% [17][18]. - Managed services revenue decreased by $3.3 million or 17.4% to $15.6 million, primarily due to the sale of Class C LTC homes [20]. Acquisition Impact - The acquisition of Closing the Gap was completed on July 1, 2025, for $75.1 million, which is expected to generate additional purchase price from earnouts and approximately $1.1 million in annualized cost synergies in the first year [4][5]. Business Updates - The number of third-party and joint venture beds serviced by SGP increased to approximately 152,100, a 6.0% rise from the previous year [19]. - The company operates a network of 99 long-term care homes and delivers approximately 13.5 million hours of home health care services annually [26]. Financial Position - As of September 30, 2025, Extendicare had cash and cash equivalents of $165.7 million and access to an additional $154.0 million under its revolving credit facility, indicating strong liquidity [21].

Core Insights - InnovAge Holding Corp and Tampa General Hospital have formed a joint venture to enhance access to the Program of All-inclusive Care for the Elderly (PACE) in the Tampa Bay region, aiming to provide comprehensive healthcare to frail seniors [1][2][3] InnovAge Overview - InnovAge is a leader in managing care for high-cost, frail seniors, focusing on enabling them to age independently at home. As of September 30, 2025, InnovAge served approximately 7,890 participants across 20 centers in six states [4] Tampa General Hospital Overview - Tampa General Hospital is a 1,529-bed not-for-profit academic health system, recognized as one of the largest hospitals in America. It is the highest-ranked hospital in Tampa Bay according to U.S. News & World Report's 2025-2026 Best Hospitals [5][6] Partnership Goals - The partnership aims to expand access to PACE's person-centered care model, which allows seniors to live independently while receiving a full range of medical, social, and in-home support, often at little to no cost for dual-eligible individuals under Medicaid and Medicare [2][3] Community Impact - The collaboration emphasizes the importance of supporting caregivers through education and respite services, thereby empowering families alongside their loved ones. The partnership also includes community support initiatives, such as donations to local organizations [3]

Core Insights - InnovAge Holding Corp. reported strong financial results for the fiscal first quarter of 2026, indicating a positive start to the year with a focus on sustainable growth and high-quality care for seniors [1][2][3] Financial Performance - Total revenues reached $236.1 million, a 15.1% increase from $205.1 million in the same quarter of the previous year [3] - Income before income taxes was $7.9 million, a significant turnaround from a loss of $5.3 million in the prior year, representing a 249.2% increase [3] - Net income was $7.7 million compared to a net loss of $5.7 million in the first quarter of fiscal year 2025, with a net income margin of 3.2% [3][20] - Adjusted EBITDA increased to $17.6 million from $6.5 million, with an adjusted EBITDA margin of 7.5% [3][23] - The center-level contribution margin was $51.4 million, up 48.7% from $34.5 million in the previous year, with a margin of 21.8% [3][33] Participant Metrics - The company served approximately 7,890 participants, an increase from 7,210 participants in the first quarter of fiscal year 2025 [3] Cash and Debt Position - As of September 30, 2025, InnovAge had $67.1 million in cash and cash equivalents and $42.3 million in short-term investments, with total debt of $71.5 million [3] Fiscal Year 2026 Guidance - InnovAge provided guidance for the full fiscal year 2026, projecting total revenues between $900 million and $950 million and adjusted EBITDA between $56 million and $65 million [5]

Core Insights - InnovAge Holding Corp. has appointed Dr. Paul Taheri as Chief Medical Officer, effective November 3, 2025, bringing over 30 years of healthcare leadership experience to the company [1][2]. Company Overview - InnovAge is a leader in providing comprehensive healthcare programs for frail, predominantly dual-eligible seniors through the Program of All-inclusive Care for the Elderly (PACE) [1][3]. - The company's mission is to enable older adults to age independently in their homes for as long as safely possible, focusing on patient-centered care to improve quality while reducing high-cost care utilization [3]. Leadership Background - Dr. Paul Taheri has a distinguished background, having served in various leadership roles, including CEO and Deputy Dean for Clinical Affairs at the Yale School of Medicine, and President and CEO of the University of Vermont Medical Group [2]. - His experience includes key positions at the University of Michigan and a Clinical Quality Advisor role at Welsh, Carson, Anderson & Stowe since 2019 [2]. Current Operations - As of June 30, 2025, InnovAge served approximately 7,740 participants across 20 centers in six states, indicating a significant operational footprint in the healthcare sector for seniors [3].

Core Insights - BoldAge PACE has opened a new Program of All-Inclusive Care for the Elderly center in Crestwood, Illinois, enhancing access to coordinated medical and social support for older adults in Cook County [1] Group 1 - The new center aims to help older adults continue living safely and independently at home [1] - This opening is seen as a significant advancement for families in the region [1] - Local and state leaders, including the Mayor of Crestwood, Kevin Klein, have shown support for this initiative [1]