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Sienna Senior Living Inc T.SIA

Alternate Symbol(s):  LWSCF

Sienna Senior Living Inc. is a Canada-based senior living provider. The Company offers a full range of senior living options, including independent living (IL), assisted living (AL) and memory care (MC) under its Aspira retirement brand, long-term care (LTC), and specialized programs and services. The Company owns and operates senior living residences in the Provinces of British Columbia, Saskatchewan and Ontario. The Company owns and operates a total of approximately 82 senior living residences: 40 retirement residences (RRs) (including the Company's 50% joint venture interest in 12 residences in Ontario and Saskatchewan); 34 LTC communities; and eight senior living residences providing both private-pay IL/AL and funded LTC (including the Company's joint ownership in two residences in British Columbia). The Company also provides management services to an additional 12 senior living residences in the Provinces of British Columbia, Ontario and Alberta.


TSX:SIA - Post by User

Post by newcoinon Nov 09, 2022 8:47pm
209 Views
Post# 35087129

Q3 Results

Q3 Results "Strong occupancy gains in our retirement segment, reaching a level not seen in over three years, supported our third quarter results amid continued cost pressures and an expected economic slowdown,” said Nitin Jain, President and Chief Executive Officer. “As we adjust our business in a more challenging economic climate, we continued to put initiatives into motion to stand apart as an operator and employer in Canadian seniors’ living, backed by a solid balance sheet. We further expanded Sienna’s liquidity position in October through a $100 million upsizing and two-year extension of our unsecured credit facility, a strong vote of confidence in the future of our Company and our sector.”
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