Business
Extendicare Acquires CBI Home Health
MARKHAM, Ontario, April 01, 2026 (GLOBE NEWSWIRE) -- Extendicare Inc. (“Extendicare” or the “Company”) (TSX: EXE) announced that its wholly-owned home health care subsidiary, ParaMed Inc. (“ParaMed” or the “Purchaser”), today completed the previously announced acquisition of the equity interests of CBI Home Health LP and CBI (GP) 3 Inc. and their respective subsidiaries (collectively, “CBI Home Health”), from CBI Health LP and CBI GP Holdco Inc. (the “Acquisition”). The Acquisition was completed
About this update from Expand Energy Corporation
[{"type":"image","alt":"Extendicare Inc.","displaySize":"","headline":null,"caption":"Extendicare Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":63,"url":"https://media.zenfs.com/en/globenewswire.com/f8d74dab7b45a9e5f64799c7017605c8"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/gmAJdCymo71a52xOwPLdBQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTg4/https://media.zenfs.com/en/globenewswire.com/f8d74dab7b45a9e5f64799c7017605c8","width":300,"height":63}},"lazy":false},{"type":"text","content":"MARKHAM, Ontario, April 01, 2026 (GLOBE NEWSWIRE) -- Extendicare Inc. (“Extendicare” or the “Company”) (TSX: EXE) announced that its wholly-owned home health care subsidiary, ParaMed Inc. (“ParaMed” or the “Purchaser”), today completed the previously announced acquisition of the equity interests of CBI Home Health LP and CBI (GP) 3 Inc. and their respective subsidiaries (collectively, “CBI Home Health”), from CBI Health LP and CBI GP Holdco Inc. (the “Acquisition”).","length":470,"tagName":"p"},{"type":"text","content":"The Acquisition was completed for a cash purchase price of $570.0 million, subject to customary adjustments, plus approximately $13.6 million in estimated lease liabilities in accordance with IFRS 16 – Leases. The Acquisition was funded using a combination of the net proceeds of approximately $191.5 million from the Company’s previously announced private placement of common shares that was completed on December 3, 2025, aggregate draws of approximately $308.2 million under the Company’s existing senior secured credit facility ($154.5 million delayed draw term facility and $153.7 million revolving credit facility), and cash on hand.","length":639,"tagName":"p"},{"type":"text","content":"“We are excited to welcome the CBI Home Health team to the Extendicare family,” said Dr. Michael Guerriere, President and CEO of Extendicare. “CBI’s geographic footprint and its experience providing innovative care models is highly complementary to our existing home health platform,” he added. “The combination of ParaMed and CBI Home Health will enable us to support more Canadians to live independently at home. We will leverage our industry-leading technology platform to drive superior operating performance and significant cost synergies to deliver strong value for our customers and shareholders.”","length":604,"tagName":"p"},{"typ...