Extendicare to acquire CBI Home Health for CAD570m.

Extendicare, a provider of care and services for seniors, agreed to acquire CBI Home Health, a national home health care company, for CAD570m. “This acquisition accelerates the growth trajectory of our home health care segment, significantly enhancing our presence in Western Canada and adding innovative care models to broaden our service offerings. The deep bench of talent and scale of our combined operations will allow us to support more Canadians to live independently at home, while leveraging our technology platform to drive outstanding customer experience and significant cost synergies to deliver strong value for our customers and shareholders," Michael Guerriere, Extendicare President and CEO.