Extendicare Inc
TSX:EXE

Watchlist Manager
Extendicare Inc Logo
Extendicare Inc
TSX:EXE
Watchlist
Price: 25.5 CAD -2.34% Market Closed
Market Cap: CA$2.4B

Extendicare Inc
Investor Relations

Extendicare, Inc. is a holding company, which engages in the provision of nursing care, home health care, retirement living, and management and consulting services. The company is headquartered in Markham, Ontario. The firm's segments include long-term care, retirement living, home health care, and contract services, consulting and group purchasing as other operations. The company owns and operates 58 long-term care homes with a capacity for 8,138 residents. Under the Esprit Lifestyle Communities brand, it owns and operates approximately 11 retirement communities with 1,050 suites. Through its wholly owned subsidiary ParaMed, its home health care operations provide complex nursing care, occupational, physical and speech therapy, and assistance with daily activities to accommodate those living at home. Through its Extendicare Assist division, it provides contract services and consulting to third parties. Through its SGP Purchasing Partner Network division, it offers purchasing contracts to other senior care providers for food, capital equipment, furnishings, cleaning and nursing supplies, and office products.

Show more
Loading
EXE
S&P TSX Composite Index (Canada)
No Stocks Selected

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare
Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Feb 27, 2026
AI Summary
Q4 2025

Strong Growth: Extendicare reported a successful 2025, with overall adjusted EBITDA for Q4 rising 36.4% year-over-year to $45.6 million after adjusting for out-of-period items.

Home Health Surge: ParaMed delivered 15.3% organic volume growth in Q4, supported by demographic trends and long-term care capacity constraints.

Margin Expansion: NOI margins improved across all segments, with ParaMed achieving a 13.2% margin (up 280 bps) and long-term care reaching 10.9% (up 90 bps) in Q4.

Acquisition Updates: Two acquisitions closed in 2025 are outperforming initial expectations; the CBI Home Health deal ($570 million) is expected to close in early Q2 2026, anticipated to be 9% accretive to EPS at close and up to 15% with synergies.

Dividend Increase: The company announced a 5% increase to its monthly dividend, marking the second consecutive annual increase.

Capital Strength: Extendicare completed a $200 million private placement and expanded its credit facilities, ending the year with $348 million in cash and $154 million in available credit.

Redevelopment Pipeline: Seven homes are under construction in Ontario, with major new facilities opening in 2026 and a robust pipeline of further projects.

Labor and Market Conditions: Management sees no current labor constraints in major markets but notes ongoing challenges in rural areas and a need to monitor evolving immigration policy impacts.

Key Financials
Adjusted EBITDA
$45.6 million
AFFO per share
$0.301 per share (adjusted for out-of-period items)
AFFO per share (reported)
$0.337
Payout Ratio (Q4)
42%
Payout Ratio (Full Year)
46%
Revenue (Q4)
$462 million
Home Health Care Revenue (Q4)
$197.7 million
Home Health Care Organic Volume Growth
15.3%
Home Health NOI Margin (Q4)
13.2%
Long-Term Care NOI Margin (Q4)
10.9%
Long-Term Care NOI Margin (Full Year)
10.9%
Managed Services NOI Margin (Q4)
55.5%
Managed Services Revenue (Q4)
$15.3 million
Managed Services NOI (Q4)
$8.5 million
SGP Beds Served
Over 153,500
Occupancy (Long-Term Care)
98%
Cash on Hand at Year End
$348 million
Available Lines of Credit
$154 million
CBI Home Health Acquisition Price
$570 million
CBI Home Health Pro Forma Revenue Contribution
$478 million
CBI Home Health Pro Forma Adjusted EBITDA Contribution
$61.9 million
CBI Home Health Hours Added
10 million hours
CBI Home Health Team Members Added
8,500 team members
Senior Secured Credit Facility Expansion
$214.5 million committed expansion
Private Placement Proceeds
$191.5 million
Dividend per Month
$0.0441
Sudbury Project Beds (New Home)
320 beds
Sudbury Project Beds (Old Home Replaced)
278 beds
Homes Under Construction
7 homes
Investment in Homes Under Construction
$692.3 million
West End Villa Sale Proceeds
$12.5 million
West End Villa After-Tax Gain
$10.1 million
Pro Forma Total Debt to Adjusted EBITDA
2.7 to 2.9x
Estimated Pro Forma Adjusted EBITDA for CBI Acquisition
$228 million
Cash Taxes Guidance (2026)
24% to 27% of pretax FFO
Earnings Call Recording
Other Earnings Calls

Management

Dr. Michael R. Guerriere M.D., MBA
CEO, President & Director
No Bio Available
Mr. Steve Paraskevopoulos
Senior Vice President of ParaMed & CTO
No Bio Available
Mr. John Toffoletto
Senior VP, Chief Legal Officer & Corporate Secretary
No Bio Available
Dr. Matthew Morgan
Chief Medical Officer
No Bio Available
Joe Belinsky
VP of Information Technology & Chief Information Officer
No Bio Available
Ms. Danielle Labossiere Parr
Vice President of Public Affairs
No Bio Available
Ms. Kathryn Killoran Bradley
Vice President of Corporate Development
No Bio Available
Ms. Katie LeMoyne
Senior VP & Chief Human Resources Officer
No Bio Available
Ms. Wendy Gilmour
Senior Vice President of Long-term Care Operations
No Bio Available
Ms. Amie Cathleen Vahrmeyer
Vice President of Long-Term Care Operations for ON
No Bio Available

Contacts

Address
ONTARIO
Markham
3000 Steeles Ave E Suite 700
Contacts
+19054705534.0
www.extendicare.com
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett