Sector: Healthcare | Industry: Healthcare Facilities & Services |
Company Contact | |
Address: | 3000 Steeles Avenue East, Suite 400 MARKHAM ON L3R 4T9 |
Tel: | N/A |
Website: | https://www.extendicare.com |
IR: | See website |
Key People | ||
Michael Robert Guerriere President, Chief Executive Officer, Director | David Bacon Chief Financial Officer, Senior Vice President | Liselie Sarauer Chief Human Resource Officer, Senior Vice President |
Steve Paraskevopoulos Senior Vice President, ParaMed and Chief Technology Officer | John Toffoletto Senior Vice President, Chief Legal Officer and Corporate Secretary | Jillian E. Fountain Vice President of Investor Relations |
Kathryn Bradley Vice President - Strategy & Performance | Lisa Pearson Vice President - Public Affairs | Matthew Morgan Chief Medical Officer |
Business Overview |
Extendicare Inc. is a provider of care and services for seniors across Canada. The Company operates under the Extendicare, ParaMed, Extendicare Assist, and SGP Purchasing Partner Network brands. The Company operates through four segments: Long-term Care, Home Health Care, Managed Services and Corporate. Its Long-term Care segment includes over 53 long-term care homes, which it owns and operates in Canada. Its Home Health Care segment operates through its subsidiary, ParaMed, which provides complex nursing care, occupational, physical and speech therapy, and assistance with daily activities. Its Managed Services segment includes its management, consulting and group purchasing divisions. Through the Extendicare Assist division, it provides management and consulting services to third parties, and through the SGP Purchasing Partner Network division, it offers purchasing contracts to other senior care providers for food, capital equipment, furnishings, cleaning, nursing supplies, and more. |
Financial Overview |
For the fiscal year ended 31 December 2023, Extendicare Inc revenues increased 7% to C$1.3B. Net income before extraordinary items totaled C$34M vs. loss of C$4.5M. Revenues reflect Home Health care segment increase of 11% to C$469.1M, Utilization of Licensed Beds -%-Canada increase of 5% to 97.4%, FFO per Share (Basic) increase from C$0.25 to C$0.66, FFO per Share (Diluted) increase from C$0.25 to C$0.65. |
Employees: | 18,000 as of Dec 31, 2022 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $893.83M as of Dec 31, 2023 |
Annual revenue (TTM): | $1,305M as of Dec 31, 2023 |
EBITDA (TTM): | $95.19M as of Dec 31, 2023 |
Net annual income (TTM): | $33.98M as of Dec 31, 2023 |
Free cash flow (TTM): | -$146.56M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $259.33M as of Dec 31, 2023 |
Shares outstanding: | 83,158,315 as of Jan 10, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |