Extendicare Inc. (TSE:EXE) has released an update.
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Extendicare Inc. reported a significant increase in its Q4 2023 Adjusted EBITDA, driven by growth in home health care, managed services, and higher occupancy in long-term care. The company has also expanded its management services and started construction on new LTC homes, while entering agreements for the sale of certain assets, signaling a strategic growth and repositioning effort. President and CEO Dr. Michael Guerriere highlighted the successful impact of recent transactions and development projects on the company’s financial performance.
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