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Sienna Senior Living Inc T.SIA

Alternate Symbol(s):  LWSCF

Sienna Senior Living Inc. is a Canada-based seniors' living provider. The Company serves the continuum of independent living (IL), independent supportive living (ISL), assisted living (AL), memory care and long-term care (LTC) through the ownership and operation of seniors' living residences in the Provinces of British Columbia, Saskatchewan and Ontario. It offers a full range of seniors’ living options, including independent living and assisted living under its Aspira retirement brand, long-term care, and specialized programs and services. It owns and operates a total of 81 seniors' living residences: 39 retirement residences, including its joint venture interest in 12 residences in Ontario and Saskatchewan; 34 LTC residences; and eight seniors' living residences providing both private-pay IL and AL and funded LTC, including its joint ownership in two residences in British Columbia. It also offers management services to 11 seniors' living residences in British Columbia and Ontario.


TSX:SIA - Post by User

Bullboard Posts
Comment by KonradvonMarburon May 27, 2020 3:40pm
123 Views
Post# 31079605

RE:RE:RE:RE:RE:RE:My 2 cents

RE:RE:RE:RE:RE:RE:My 2 cents
These companies do not provide the "bare minimum". If that were the case no one would put their family members in for-profit care homes. Also, many of these for-profit care homes offer luxury accomodations (that you pay for out of pocket) that are unavailble in government-run homes for the poor.

The idea that the only way to be profitable in a service-based industry is to offer the bare minimum to clients is moronic. I don't know who thinks like this but they aren't business people is they think this is the only way to maximize profits.

My mother worked at a Chartwell retirement residence in Oshawa, Ontario for over 10 years (before retirting two years ago) and she loved the company. She was a PSW and was a full-time UNIONIZED eployee (from the day she started).

This picture of seniors in for-proft care homes as Charles Dickens-esque paupers is so bizarre considering that many of these homes charge more than government-run homes and therefore offer more amenities, better living conditions, larger rooms, etc. This is why those who are well-healed enough chose them over government-run homes.

You can run a successful and efficient for-profit care home at the same time. It isn't one or the other.
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