2021 Second Quarter Results MARKHAM, Ontario, Aug. 05, 2021 (GLOBE NEWSWIRE) -- Extendicare Inc. (“Extendicare” or the “Company”) (TSX: EXE) today reported results for the three and six months ended June 30, 2021. Results are presented in Canadian dollars unless otherwise noted.
Second Quarter Highlights
- Continuing growth in vaccination levels among residents and staff, providing enhanced protection across our network.
- No current outbreaks in our long-term care (LTC) homes or retirement communities.
- LTC occupancy up 250 bps as COVID restrictions ease.
- Maintaining enhanced staffing levels, testing and other prevention measures as emergence of COVID variants remain a concern.
- Home health care average daily volumes increase 3.7% and return to pre-pandemic levels.
“As the impact of the pandemic receded, we experienced a broad recovery across Extendicare in the second quarter, with strong growth in both LTC occupancy and home health care volumes,” said President and Chief Executive Officer, Dr. Michael Guerriere. “We are gratified by the outstanding efforts of our staff to get vaccinated to protect themselves and those we care for. Our comprehensive resident and staff vaccination program has enabled us to welcome families and visitors back into our LTC homes and retirement communities in recent weeks. While we are encouraged by the progress made this quarter, we continue to maintain enhanced staffing levels in our homes, accompanied by robust testing and other prevention measures, to complement the success of the vaccines. We remain vigilant as a resurgence in COVID-19 cases cannot be ruled out until there is broader progress on vaccination rates in the general population.”
https://www.globenewswire.com/news-release/2021/08/05/2276149/0/en/Extendicare-Announces-2021-Second-Quarter-Results.html