Extendicare Inc. (EXE:CA) Pre Recorded M&A Call Prepared Remarks Transcript

Kathryn Bradley
Vice President of Corporate Development

Hello, and thank you for dialing in. I’m Kathryn Bradley, Vice President, Corporate Development at Extendicare, and I am joined by Michael Guerriere, President and CEO; and David Bacon, Executive Vice President and Chief Financial Officer. We are very pleased to have the opportunity to discuss Extendicare’s acquisition of CBI Home Health, which we announced earlier today.

Today’s slide presentation is available on our website. But before we get started, please be reminded that today’s call may include forward-looking statements and non-GAAP and other financial measures. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied today. We have identified such factors as well as details of non-GAAP and other financial measures in our public filings with the securities regulators and suggest that you refer to those filings.

With that, I’ll turn the call over to Michael.

Michael Guerriere
CEO, President & Director

Thank you, Kathryn. As Kathryn mentioned, today’s announcement of our acquisition of CBI Home Health is a strategic opportunity that materially advances our services-oriented growth model.

Turning to Slide 5. We are a leading Canadian provider of seniors care and services, operating across 3 segments: long-term care, home health care and managed services. We’re Canada’s largest long-term care operator, operating a network of 99 homes. We also have a robust M&A track record, including 2 acquisitions that we closed this year, closing the gap, a leading provider of integrated home and community-based health care, which added approximately 10% to our home care volume and 9 long-term care homes that we acquired from Revera. We