Extendicare purchases 31 Revera facilities across Canada

Extendicare purchases 31 Revera facilities across Canada

A private sector business deal with possible implications for United Nurses of Alberta and other health care unions took place in mid-January, with Extendicare Inc. purchasing Revera Home Health, servicing 31 communities in six provinces.

The $83-million deal was announced Jan. 15 and affects approximately 5,700 Revera employees. Revera’s facilities are located in British Columbia, Alberta, Manitoba, Ontario, Quebec and Nova Scotia.

Extendicare already employed about 5,200 people in 50 communities in Alberta, Manitoba and Ontario.

Extendicare said it intends to finance the deal with the returns from its sale of most of its U.S. assets, planned for the second quarter of 2015.

By swallowing Revera, Extendicare becomes the largest home care services provider in Canada.

The Ontario Public Service Employees Union (OPSEU) slammed the deal, saying it will leave Ontarians in particular with little choice in home care providers.

UNA represents Registered Nurses at nine Extendicare sites and six Revera sites in Alberta.

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Extendicare Release:

http://www.marketwired.com/press-release/extendicare-announces-significant-acquisition-expand-its-canadian-home-health-care-business-tsx-exe-1983128.htm

Revera Release:

http://reveraliving.com/Revera/media/Revera/Content/Home_Health_Divestiture_Jan15_2015.pdf

David Climenhaga
Communications Advisor
United Nurses of Alberta
780-425-1025 (Office)
780-717-2943 (Cellular)
www.una.ab.ca

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