Extendicare Inc. Announces Acquisition of Closing the Gap Healthcare Group

MARKHAM, Ontario, May 01, 2025 — Extendicare Inc. (TSX: EXE), a leading health care provider in the post-acute and long-term senior care sector, has announced a significant expansion of its services through the acquisition of Closing the Gap Healthcare Group Inc. This acquisition is being executed by Extendicare’s wholly owned home health care subsidiary, ParaMed Inc.

The agreement, which was disclosed on May 1, 2025, involves ParaMed acquiring all issued and outstanding shares of Closing the Gap Healthcare Group Inc. and certain affiliates. This strategic move is expected to enhance Extendicare’s capabilities in providing comprehensive home health care services.

Key Details of the Acquisition:

  • Acquirer: ParaMed Inc., a subsidiary of Extendicare Inc.
  • Target: Closing the Gap Healthcare Group Inc.
  • Exchange: Toronto Stock Exchange (TSX)
  • Currency: Canadian Dollar (CAD)
  • Close Price (as of 2025-04-30): 14.06 CAD
  • 52-Week High: 14.2 CAD
  • 52-Week Low: 7.1 CAD
  • Market Cap: 1,110,000,000 CAD
  • Price Earnings Ratio: 15.45

The acquisition is part of Extendicare’s ongoing strategy to strengthen its position in the health care sector by expanding its network and enhancing its service offerings. Closing the Gap Healthcare Group is known for its specialized home health care services, which align with Extendicare’s mission to provide high-quality care to seniors.

This acquisition is expected to provide Extendicare with additional resources and expertise, further solidifying its role as a leader in the health care industry. The integration of Closing the Gap’s services is anticipated to benefit Extendicare’s existing clients by offering a broader range of home health care solutions.

For more information on this acquisition and its implications for Extendicare’s future growth, stakeholders are encouraged to refer to the official press release and financial statements.

Note: This article is based on the information provided and does not include speculative content.