AcquisitionThe company has been putting its under-levered balance sheet to work with the recent announcement of the agreement to acquire Closing the Gap, which fits nicely into the existing home health platform and will drive accretion into 2026.
DemographicsGiven aging demographics and a significant LTC waitlist in Ontario, Extendicare should benefit from demand tailwinds ahead.
Operational PerformanceStrong improvements in operating metrics within the LTC and home health businesses have led to leading price performance amongst Canadian seniors.