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Extendicare Inc T.EXE

Alternate Symbol(s):  EXETF | T.EXE.DB.C

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.


TSX:EXE - Post by User

Bullboard Posts
Comment by pjn0987654321on Feb 05, 2019 12:44pm
76 Views
Post# 29321244

RE:Understanding Extendicare..

RE:Understanding Extendicare..Interesting post.  EXE got out of the US because there is a government department that arbitrarily decides how much to pay towards client care.  One year, they made a draconian cut, and EXE had to reduce their dividend to where it is today.  Another reason is that Americans are litigious as hell, particularly Kentucky.  EXE got tired of the frivolous "get rich quick" lawsuits they were being hit with.  So they got out.  I don't know the story with Chartwell but I suppose it was similar if not the same. 





Bullboard Posts