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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 10, 2022 3:39pm
185 Views
Post# 35089571

Chartwell Q3 - Similar Issues to SIA

Chartwell Q3 - Similar Issues to SIA"We continue to focus on occupancy and cash flow recovery. Various operational, sales and marketing strategies are in place to support our residences' leadership teams and staff in their efforts to drive faster recovery in 2023 and beyond," commented Vlad Volodarski, CEO. "We are also building on the strength of our management platform to become an even more agile and scalable organization to support the future growth of our portfolio, through stronger empowerment of our managers and front-line employees, streamlining our corporate support and deploying specialized teams to execute complex operating and capital allocation strategies. Such strategies may include service model changes, capital upgrades, changes in use or dispositions of properties identified as non-core. We believe that these strategies, combined with pent-up demand for retirement accommodation, driven by Canada's increasingly ageing population, slower new construction starts, and the persistent shortage of long term care beds will support sustainable long-term value for all our stakeholders."
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