Extendicare Inc. (T:EXE*CA)

Business Focus: Healthcare Facilities & Services (NEC)

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
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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

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