News Summary

Extendicare Inc., through its subsidiary ParaMed Inc., has announced the acquisition of CBI Home Health for $570 million. This strategic move aims to expand its home healthcare services across Canada, particularly enhancing its presence in Alberta. The acquisition is expected to bring innovative care models and improve operational synergies, potentially generating significant cost savings and productivity gains. CBI Home Health, a national provider with operations in seven provinces, enhances Extendicare’s home care segment with its 10 million hours of annual care delivery. The transaction awaits customary regulatory approvals and is projected to close in the first quarter of 2026.