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Extendicare disposes of 15 Florida SNFs and ALFs.


Extendicare Inc., based in Markham, Ontario Markham (2006 Population 261,573[0]) is located in York Region, directly north of Toronto, and is part of Toronto's CMA. It is larger than many Canadian cities. Despite its qualifications regarding population, it has not had the title of city conferred upon it by the , Canada, disposed of 11 nursing homes and four assisted living as·sist·ed living
n.
A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication.
 centers m Florida to affiliates of Greystone Tribeca Acquisition of New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 for initial cash of US$30.0 million and contingent consideration of up to US$30.0 million over the next 3.5 years. Upon determination of the final consideration for each facility, Extendicare will record any resulting loss or gain on disposal.

Extendicare expects to pay down a debt of US$27.5 million under its term credit facilities, after transaction and other costs associated with completing the disposition. The facilities are located in Gainesville, Miami, Lady Lake, Brandenton, Rockledge, Ft. Lauderdale, St. Petersburg, North Miami Beach North Miami Beach, residential and resort city (1990 pop. 35,359), Dade co., SE Fla., on the Atlantic coast; inc. 1931. It is a major office and retail area. , and Ocala.
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Publication:Contemporary Long Term Care
Geographic Code:1CANA
Date:Nov 1, 2000
Words:118
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