M&A Deal Summary

Extendicare Acquires West Park Crossing Retirement Community

On February 23, 2016, Extendicare acquired healthcare services company West Park Crossing Retirement Community from Brightwater Senior Living Group

Acquisition Highlights
  • This is Extendicare’s 9th transaction in the Healthcare Services sector.
  • This is Extendicare’s 5th transaction in Canada.
  • This is Extendicare’s 2nd transaction in Saskatchewan.

M&A Deal Summary
Date 2016-02-23
Target West Park Crossing Retirement Community
Sector Healthcare Services
Buyer(s) Extendicare
Sellers(s) Brightwater Senior Living Group
Deal Type Divestiture

Target

West Park Crossing Retirement Community

Moose Jaw, Saskatchewan, Canada
West Park Crossing Retirement Community with 158 suites. The properties are newly built 79-suite communities offering independent, enhanced and memory care services.

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Buyer(S) 1

Buyer

Extendicare

Markham, Ontario, Canada
Category Company
Founded 1968
Sector Healthcare Services
Employees23,000
Revenue 1.3B CAD (2023)
DESCRIPTION

Extendicare Real Estate Investment Trust operates as an unincorporated, open-ended limited purpose trust. It operate as a supplier of long-term care services in Canada with an aim of helping to relieve an overburdened hospital system. Extendicare was incorporated in 1968 and is headquartered in Markham, Canada.

DEAL STATS #
Overall 9 of 10
Sector (Healthcare Services) 9 of 9
Type (Divestiture) 5 of 6
State (Saskatchewan) 2 of 2
Country (Canada) 5 of 6
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-23 Yorkton Crossing Retirement Community

Yorkton, Saskatchewan, Canada

Yorkton Crossing Retirement Community are newly built 79-suite communities offering independent, enhanced and memory care services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-28 Revera - Nine Long Term Care Homes

Ontario, Canada

Revera's Nine Long Term Care Homes provide 1,396 beds in nine homes, seven of which consist of a mix of 361 funded LTC beds and 574 private pay retirement beds.

Buy $60M

Seller(S) 1

SELLER

Brightwater Senior Living Group

Bend, Oregon, United States
Category Company
Founded 2010
Sector Healthcare Services
DESCRIPTION

Brightwater Senior Living Group LLC engages in the design, construction, and operations of senior communities throughout Canada and the U.S. At the core of business is a strong commitment to provide an exceptional, loving and stimulating environment for residents.

DEAL STATS #
Overall 2 of 2
Sector (Healthcare Services) 2 of 2
Type (Divestiture) 2 of 2
State (Saskatchewan) 2 of 2
Country (Canada) 2 of 2
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-23 Yorkton Crossing Retirement Community

Yorkton, Saskatchewan, Canada

Yorkton Crossing Retirement Community are newly built 79-suite communities offering independent, enhanced and memory care services.

Sell -
Mergr

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