M&A Deal Summary

Sienna Senior Living Acquires Traditions of Durham Retirement Community

On December 9, 2015, Sienna Senior Living acquired healthcare services company Traditions of Durham Retirement Community for 37M USD

Acquisition Highlights
  • This is Sienna Senior Living’s 2nd transaction in the Healthcare Services sector.
  • This is Sienna Senior Living’s largest (disclosed) transaction.
  • This is Sienna Senior Living’s 2nd transaction in Canada.
  • This is Sienna Senior Living’s 2nd transaction in Ontario.

M&A Deal Summary
Date 2015-12-09
Target Traditions of Durham Retirement Community
Sector Healthcare Services
Buyer(s) Sienna Senior Living
Deal Type Add-on Acquisition
Deal Value 37M USD

Target

Traditions of Durham Retirement Community

Oshawa, Ontario, Canada
Traditions of Durham Retirement Community is a 140-suite independent and assisting living residence located in Oshawa that commenced operations in 2010 with a first phase of 90 suites. A further 50 suites were added pursuant to a second phase in 2012. The current occupancy rate is 90.71%. Providing both assisted living services (with 37 suites designated as assisted living units) and independent supported living services, the residence has a strong reputation and high visibility in the local community.

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Buyer(S) 1

Buyer

Sienna Senior Living

Markham, Ontario, Canada

website

Category Company
Founded 1972
Sector Healthcare Services
Employees12,263
Revenue 668M CAD (2021)
DESCRIPTION

Sienna Senior Living is one of Canada's largest owners of seniors housing and the largest licensed long-term care provider in Ontario. The Company's 8,170 employees are dedicated to helping you live fully, every day in each of its four lines of business: retirement living, home care, third party management services and long-term care. The Company owns and operates 35 long-term care homes and 11 retirement residences, representing a combined 6,939 beds/suites across Ontario and British Columbia. Sienna Senior Living was founded in 1972 and is based in Markham, Canada.

DEAL STATS #
Overall 2 of 4
Sector (Healthcare Services) 2 of 2
Type (Add-on Acquisition) 2 of 4
State (Ontario) 2 of 4
Country (Canada) 2 of 4
Year (2015) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-12 Madonna Long-Term Care Residence

Orléans, Ontario, Canada

Madonna Long-Term Care Residence is a 160 bed, "A" Class facility in Orleans, Ontario, a suburb of Ottawa. The facility's current occupancy rate is 99.4%. he Madonna facility, which was completed in 2007, has a 60/40 private/shared accommodation ratio and features numerous amenities and a variety of services to promote and maintain resident health and wellness. This includes 24-hour nursing and personal care, supervised assistance with daily activities, weekly physician visits, health care monitoring, rehabilitation/restorative care services and palliative care services.

Buy $20M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-24 Preferred Health Care Services

Richmond Hill, Ontario, Canada

Preferred Health Care Services is an experienced and reputable health care provider. Company is an active member of the Ontario Home Care Association, an organization of home health and social care service providers that act as the voice of home care in Ontario. Company are also accredited by Accreditation Canada, a national non-profit and independent institution who awards accreditation to health care organizations after a thorough and rigorous process that evaluates and focuses on quality and safety.

Sell $17M
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