Canada's Extendicare Q4 revenue rises 19.9%
Overview
Canada senior care provider's Q4 revenue rose 19.9% yr/yr
Adjusted EBITDA for Q4 increased 36.4%, driven by home health care segment growth
Company completed C$200 mln private placement to fund CBI Home Health acquisition
Outlook
Extendicare anticipates closing CBI Home Health acquisition in Q2 2026
Company expects annualized synergies of $7.4 mln from CBI integration
Result Drivers
HOME HEALTH CARE GROWTH - Home health care segment saw a 27.3% increase in average daily volume, driven by organic growth and the acquisition of Closing the Gap
LTC ACQUISITION IMPACT - Revenue growth supported by acquisition of nine Class C LTC homes and funding increases
SGP BED GROWTH - Third-party and joint venture beds serviced by SGP increased 5.0% from Q4 2024
Company press release: ID:nGNX9sqZWf
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Miss | C$462.03 mln | C$519.80 mln (1 Analyst) |
Q4 Net Income |
| C$25.58 mln |
|
Q4 Adjusted EBITDA |
| C$49.45 mln |
|
Q4 Adjusted FFO |
| C$29.55 mln |
|
Q4 Adjusted EBITDA Margin |
| 10.70% |
|
Q4 Operating Expenses |
| C$396.30 mln |
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
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