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 ...

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES HALIFAX, Nova Scotia, Dec. 12, 2025 (GLOBE NEWSWIRE) -- NOVA LEAP HEALTH CORP. (TSXV: NLH) (“Nova Leap” or “the Company”), a growing home health care organization, announces that the Company has issued stock options. The Company has granted 950,000 incentive stock options to directors, officers and senior employees of the Company. The stock options are exercisable for a period of 10 years at an exercise price of CAD$0. ...

Core Points - Extendicare Inc. has completed a private placement of common shares, issuing 10,640,000 shares at an issue price of $18.80, resulting in gross proceeds of approximately $200 million [1][2] - The net proceeds of approximately $192 million will be used to partially fund the acquisition of CBI Home Health by Extendicare's subsidiary, ParaMed Inc. [3] - The private placement was co-led by CIBC Capital Markets and BMO Capital Markets, along with a syndicate of underwriters [2] Financial Details - The total gross proceeds from the private placement amount to approximately $200 million, with net proceeds expected to be around $192 million after deducting underwriters' fees and expenses [1][3] - The previously announced $150 million equity bridge facility will be cancelled following the closing of the private placement [5] Company Overview - Extendicare is a leading provider of care and services for seniors in Canada, operating 99 long-term care homes and delivering approximately 13.5 million hours of home health care services annually [7] - The company employs around 28,000 qualified team members dedicated to providing high-quality care [7]

Core Insights - Extendicare Inc. announced the acquisition of CBI Home Health for a cash purchase price of $570 million, which will enhance its service offerings and strengthen its market position in home health care [2][3][11] - The acquisition is expected to generate significant synergies and improve financial metrics, including a projected 20% accretion in AFFO per share and 15% in earnings per share [9][11] Acquisition Details - The acquisition will be funded through a combination of a $264.5 million upsizing to Extendicare's existing credit facility and a $200 million bought deal private placement equity offering [5][15][16] - CBI Home Health delivered over 10 million hours of care annually across seven provinces, with a revenue of approximately $477.9 million and an Adjusted EBITDA of $61.9 million for the twelve months ended July 31, 2025 [10][11] Financial Metrics - The acquisition price represents an estimated purchase price multiple of 9.4x CBI Home Health's Adjusted EBITDA, which could improve to approximately 8.4x after accounting for expected synergies of about $7.4 million [11][12] - Extendicare's pro forma total debt to Adjusted EBITDA ratio is projected to be 3.3x as of September 30, 2025, post-acquisition [8][15] Strategic Rationale - The acquisition aligns with Extendicare's growth strategy by enhancing its capabilities in home health care and expanding its geographic footprint, particularly in Western Canada [6][9] - The combination of ParaMed and CBI Home Health is expected to improve access to community-based care and leverage technology for better customer experience and cost efficiencies [6][9] Offering Details - Extendicare plans to issue 10.64 million common shares at a price of $18.80 per share, aiming for gross proceeds of approximately $200 million from the private placement [5][17] - The closing of the offering is anticipated around December 3, 2025, subject to regulatory approvals [17]

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 Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Aveanna Healthcare (AVAH) - Aveanna Healthcare currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting a favorable outlook compared to the market [3] Performance Metrics - AVAH shares have increased by 13.99% over the past week, outperforming the Zacks Medical - Outpatient and Home Healthcare industry, which rose by 2.56% [5] - Over the last quarter, AVAH shares have surged by 152.14%, and over the past year, they have gained 88.22%, while the S&P 500 has only increased by 7.05% and 18.26%, respectively [6] - The average 20-day trading volume for AVAH is 1,744,527 shares, indicating a bullish trend as the stock is rising with above-average volume [7] Earnings Outlook - In the past two months, one earnings estimate for AVAH has increased, while none have decreased, raising the consensus estimate from $0.42 to $0.44 [9] - For the next fiscal year, one estimate has also moved upwards with no downward revisions, indicating positive earnings momentum [9] Conclusion - Given the strong performance metrics and positive earnings outlook, AVAH is positioned as a 1 (Strong Buy) stock with a Momentum Score of A, making it a compelling investment option [11]

Core Points - Extendicare Inc. has declared a cash dividend of C$0.042 per common share for October 2025, payable on November 17, 2025, to shareholders of record on October 31, 2025 [1] - The dividend is classified as an "eligible dividend" under the Income Tax Act (Canada) [1] Company Overview - Extendicare is a leading provider of care and services for seniors in Canada, operating under various brands including Extendicare, ParaMed, Extendicare Assist, and SGP Purchasing Network [2] - The company operates 99 long-term care homes, with 59 owned and 40 under management contracts [2] - Extendicare delivers approximately 11.5 million hours of home health care services annually and provides group purchasing services for about 149,300 beds across Canada [2] - The company employs around 28,000 qualified and dedicated team members focused on delivering high-quality care [2]

Core Viewpoint - Extendicare Inc. is set to release its financial results for Q3 2025 on November 11, 2025, followed by a conference call on November 12, 2025, to discuss the results [1]. Company Overview - Extendicare is a leading provider of care and services for seniors in Canada, operating under various brands including Extendicare, ParaMed, Extendicare Assist, and SGP Purchasing Network [4]. - The company operates a network of 99 long-term care homes, with 59 owned and 40 under management contracts [4]. - Extendicare delivers approximately 11.5 million hours of home health care services annually and provides group purchasing services for about 149,300 beds across Canada [4]. - The company employs around 28,000 qualified and dedicated team members focused on delivering high-quality care [4].