Extendicare Q2 Earnings Call Highlights

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MarketBeat

Sun, August 9, 2026 astatine 6:03 PM CDT 7 min read

Key Points

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Strong Q2 growth: Revenue accrued 59.4% to C$611 cardinal and adjusted EBITDA roseate 71% to C$68.3 million, driven by full-quarter contributions from CBI Home Health, Revera homes and Closing the Gap. Management said each 3 acquisitions are outperforming their archetypal EBITDA expectations.
CBI integration is the main priority: CBI contributed C$145.7 cardinal of gross and C$18.5 cardinal of adjusted EBITDA, with integration expected to instrumentality 18–24 months and present C$7.4 cardinal successful yearly outgo synergies. Extendicare is improbable to prosecute important further acquisitions earlier precocious 2027.
Balance expanse improved portion enlargement continues: Refinancing reduced the weighted-average involvement complaint to 4.4%, extended indebtedness maturities and brought pro forma leverage to astir 2.5 times adjusted EBITDA. The institution is besides advancing six long-term-care redevelopment projects and expects to adhd 832 beds done 4 openings successful 2027.

Extendicare (TSE:EXE) reported sharply higher second-quarter gross and adjusted EBITDA arsenic its precocious completed acquisitions contributed for a afloat quarter, portion absorption said it remains focused connected integrating CBI Home Health and advancing its Ontario long-term-care redevelopment program.

Revenue roseate 59.4% from a twelvemonth earlier to C$611 cardinal successful the 2nd quarter, portion adjusted EBITDA accrued 71% to C$68.3 million. President and CEO Michael Guerriere said the results reflected execution of the company's acquisition strategy implicit the past 18 months, including the C$570 cardinal acquisition of CBI, which closed April 1.

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The 4th besides included contributions from 9 long-term-care homes acquired from Revera successful June 2025 and Closing the Gap, a home-health-care acquisition completed successful July 2025. Guerriere said each 3 acquisitions were exceeding the adjusted EBITDA levels primitively underwritten erstwhile the transactions were announced.

CBI adds standard to location wellness operations

CBI contributed C$145.7 cardinal of gross and C$18.5 cardinal of adjusted EBITDA during the quarter, according to management. The concern generated mean regular visits of 33,609, representing an annualized tally complaint of astir 12 cardinal hours of attraction and astir 20% maturation from 2024 volumes.

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Guerriere said CBI expands Extendicare's beingness successful Western Canada and adds concern models that make further organic-growth opportunities. He said the combined standard of CBI and ParaMed should enactment further exertion concern and aboriginal operating synergies aft integration is completed.

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