M&A Deal Summary

Spectrum Health Care Acquires Preferred Health Care Services

On March 24, 2016, Spectrum Health Care acquired healthcare services company Preferred Health Care Services from Sienna Senior Living for 17M USD

Acquisition Highlights
  • This is Spectrum Health Care’s 1st transaction in the Healthcare Services sector.
  • This is Spectrum Health Care’s largest (disclosed) transaction.
  • This is Spectrum Health Care’s 1st transaction in Canada.
  • This is Spectrum Health Care’s 1st transaction in Ontario.

M&A Deal Summary
Date 2016-03-24
Target Preferred Health Care Services
Sector Healthcare Services
Buyer(s) Spectrum Health Care
Sellers(s) Sienna Senior Living
Deal Type Divestiture
Deal Value 17M USD

Target

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.

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Buyer(S) 1

Buyer

Spectrum Health Care

Toronto, Ontario, Canada
Category Company
Founded 1977
Sector Healthcare Services
DESCRIPTION

Spectrum Health Care is a provider of home health care services, offering a range of health care services which include: nursing, personal and home support, physiotherapy, corporate wellness, non-urgent patient transfer, companionship, and event medical services. Spectrum Health Care was founded in 1977 and is based in Toronto, Ontario.

DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Sienna Senior Living

Markham, Ontario, Canada
Category Company
Founded 1972
Sector Healthcare Services
Employees12,263
Revenue 785M CAD (2023)
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, Ontario.

DEAL STATS #
Overall 1 of 1
Sector (Healthcare Services) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-09 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.

Buy $37M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-06 Rosewood Retirement Residence

Kingston, Ontario, Canada

Rosewood Retirement Residence is a provider of retirement residence services. Rosewood Retirement Residence is based in Kingston, Ontario.

Buy $10M
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