Sandpiper acquires stake in senior care provider Extendicare
Extendicare Inc (TSX: EXE), a Markham, Ontario-based provider of care and services for seniors, has secured an undisclosed investment from Sandpiper Group, a Canadian real estate private equity firm. The deal gave Sandpiper 9 percent ownership of the company's issued and outstanding shares. As a result, Extendicare will nominate Samir Manji, Sandpiper's founder and CEO, to its board. Established in 1968, Extendicare operates a network of 121 senior care and retirement living centres and home health care services across Canada.
23 April 2019•4 mins read
