Oxford Park Group buys stake in senior care provider Extendicare
Canadian private investment firm Oxford Park Group has acquired more than five percent of the outstanding shares of Extendicare Inc (TSX: EXE), a provider of care and services for seniors in Canada. Oxford said it has initiated discussions with management aimed at improving the company's share performance and value. It said it may have related discussions with shareholders, debt providers, industry analysts and others. Based in Markham, Ontario, Extendicare operates a network of senior care centres and a home healthcare business. It recently sold its U.S. subsidiary to a private equity-led consortium to enable an exclusive focus on the domestic market.
15 July 2015•2 mins read
