SOUTHBRIDGE COMPLETES ACQUISITION OF PROVINCIAL LONG TERM CARE’S NURSING HOME & RETIREMENT PORTFOLIO
(Cambridge, ON – May 2, 2017) With the approval of the Ontario Ministry of Health and Long- Term Care and the Retirement Homes Regulatory Authority, Southbridge Health Care LP and the Yorkville Long Term Health Care Fund have finalized the acquisition of Provincial Long Term Care’s portfolio of nursing and retirement homes, effective May 2nd. This latest acquisition increases Southbridge’s ability to care for 494 additional residents. The five Provincial nursing homes and adjoining retirement communities will now operate under the Southbridge Care Homes’ banner in Thornbury, Hensall, Port Hope, Seaforth and Shelburne.
“We are pleased to welcome Provincial Long Term Care’s residents & employees into the Southbridge family,” states Keith McIntosh, President and CEO of Southbridge Care Homes. “Southbridge is committed to operating a best-in-class portfolio of care homes and retirement communities that consistently deliver excellence in care and services. This acquisition demonstrates our continuing commitment to providing safe, caring and secure senior living environments in Ontario.”
Southbridge Facts & Figures at a Glance:
• Combination of 34 long-term care & retirement communities
• Operations across 22 Ontario communities
• Capacity to care for over 2,700 residents
• Now employs over 3,000 employees
About Southbridge Care Homes – Southbridge Care Homes is a Canadian owned enterprise providing acquisition, management and redevelopment services to the long-term care and retirement home sectors. Our mission is to operate a best-in-class portfolio of care homes and retirement communities that consistently deliver excellence in care and services in an economically sustainable manner. For more information, please visit www.southbridgecarehomes.com.