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Extendicare ( (TSE:EXE) ) has shared an announcement.
Extendicare has completed the acquisition of Closing the Gap Healthcare Group through its subsidiary ParaMed Inc., enhancing its capabilities in rehabilitation services and integrated care models. This acquisition, valued at $75.5 million with potential earnouts, is expected to strengthen Extendicare’s home healthcare platform. Additionally, Extendicare has increased its Senior Secured Credit Facility to $375 million, positioning itself for further strategic acquisitions and growth, supported by a $100 million increase in its credit facilities.
The most recent analyst rating on (TSE:EXE) stock is a Hold with a C$11.00 price target. To see the full list of analyst forecasts on Extendicare stock, see the TSE:EXE Stock Forecast page.
Spark’s Take on TSE:EXE Stock
According to Spark, TipRanks’ AI Analyst, TSE:EXE is a Outperform.
Extendicare’s overall stock score is bolstered by strong earnings growth and strategic acquisitions, enhancing future revenue prospects. However, high leverage and negative cash flow growth are risks that temper the outlook. Technical indicators also suggest cautious trading sentiment.
To see Spark’s full report on TSE:EXE stock, click here.
More about Extendicare
Extendicare is a leading provider of care and services for seniors across Canada, operating under the Extendicare, ParaMed, Extendicare Assist, and SGP Purchasing Network brands. The company is committed to delivering quality care to meet the needs of a growing seniors’ population, operating a network of 99 long-term care homes, delivering approximately 11.2 million hours of home health care services annually, and providing group purchasing services to third parties representing approximately 148,200 beds across Canada. Extendicare employs approximately 27,500 team members dedicated to providing high-quality care.
Average Trading Volume: 172,858
Technical Sentiment Signal: Buy
Current Market Cap: C$1.19B
Learn more about EXE stock on TipRanks’ Stock Analysis page.