Extendicare’s subsidiary, ParaMed, is set to acquire CBI Home Health for $570 million, strengthening its national position in home health care. The acquisition includes multiple subsidiaries and will diversify ParaMed’s services across seven provinces. The deal is expected to result in significant cost synergies and drive operating performance. To fund the acquisition, Extendicare will issue 10.64 million common shares at $18.80 each. The acquisition is anticipated to close in the first quarter of 2026, pending regulatory approval. The move is part of Extendicare’s strategy to expand its home health care segment and enhance its service offerings.

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