Divestiture • Healthcare Services

Extendicare Acquires Revera Home Health Business

On January 15, 2015, Extendicare acquired healthcare services company Revera Home Health Business from ReVera for 83M USD

Acquisition Context
  • This is Extendicare’s 5th transaction in the Healthcare Services sector.
  • This is Extendicare’s 4th largest (disclosed) transaction.
  • This is Extendicare’s 1st transaction in Canada.

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M&A Deal Summary

Date January 15, 2015
Target Revera Home Health Business
Sector Healthcare Services
Buyer(s) Extendicare
Sellers(s) ReVera
Deal Type Divestiture
Deal Value 83M USD

Target Company

Revera Home Health Business

Canada
Revera Home Health is a private-sector home health care provider in Canada, serving 31 communities across six provinces (Ontario, British Columbia, Alberta, Quebec, Manitoba and Nova Scotia) and employing approximately 5,700 people.
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Buyer Overview 1

Buyer

Extendicare

Markham, Ontario, Canada

Category Company
Founded 1968
Sector Healthcare Services
Employees24,000
Revenue 1.5B CAD (2024)
DESCRIPTION

Extendicare operates as an unincorporated, open-ended limited-purpose trust. Extendicare operates as a supplier of long-term care services in Canada to help relieve an overburdened hospital system. Extendicare was incorporated in 1968 and is headquartered in Markham, Canada.


Deal Context for Buyer #
Overall 5 of 10
Sector: Healthcare Services 5 of 9
Type: Divestiture 1 of 6
Country: Canada 1 of 6
Year: 2015 1 of 3
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-01 Tendercare Michigan

Sault Sainte Marie, Michigan, United States

Tendercare Michigan, Inc. is an private nursing home operator include 29 skilled nursing facilities and one rehabilitation hospital, in aggregate representing approximately 3,300 operational beds.

Buy $232M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-01 Empire Crossing Retirement Community

Canada

Empire Crossing Retirement Community is a newly-built 64 suite independent and assisted living community filling up well in accordance with projections. The property also comes with excess land, providing the option to double the size of the retirement community in the future contingent on market demand.

Buy $20M

Seller Profile 1

SELLER

ReVera

Santa Clara, California, United States

Category Company
Founded 2003
Sector Test/Measurement Equipment
DESCRIPTION

ReVera, Inc. is a provider of materials metrology solutions for advanced semiconductor manufacturing. ReVera's products focus on process control of composition and film thickness for complex, multi-layer film stacks in the most critical process steps.


Deal Context for Seller #
Overall 1 of 2
Sector: Healthcare Services 1 of 2
Type: Divestiture 1 of 2
Country: Canada 1 of 1
Year: 2015 1 of 2
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-15 Revera - 24 Skilled Nursing Facilities

United States

Revera, Inc. - 24 Skilled Nursing Facilities are located in the following states: eight in New Jersey, five in Vermont, three in Washington, two in Connecticut, two in Massachusetts and one in each of Maryland, Virginia, New Hampshire and Rhode Island.

Sell $240M