Extendicare Announces 2026 Second Quarter Results

Markham, Ontario--(Newsfile Corp. - August 6, 2026) - Extendicare Inc. (TSX: EXE) ("Extendicare" or the "Company") today reported results for the three and six months ended June 30, 2026.

Second Quarter 2026 Highlights * Adjusted EBITDA((1)) increased by $28.5 million or 71.7% from Q2 2025 to $68.3 million, driven primarily by contributions from the acquisitions of CBI Home Health and Closing the Gap, as well as continued organic growth in home health care service volumes and SGP clients served. * Home health care average daily volume ("ADV") increased by 44,168 or 132.6% from Q2 2025 to 77,478, driven by 33,609 in ADV contributed by CBI Home Health, organic growth and the integration of Closing the Gap volumes. * Third-party and joint venture beds serviced by SGP reached approximately 161,700 beds, reflecting organic growth of 8.3% from Q2 2025. * Completed the acquisition of CBI Home Health on April 1, 2026 for $570.0 million, plus customary adjustments and the assumption of certain lease liabilities. * On April 14, 2026, completed an inaugural offering of $450.0 million 4.345% senior unsecured notes due April 2031 (rated BBB stable by Morningstar DBRS), and used the proceeds to fully repay the Company's delayed draw term loan and retire certain secured mortgages, transitioning our credit facilities to an investment-grade unsecured structure. * Completed the sale of an LTC project under construction in Sudbury to Axium JV, for net cash proceeds of $18.1 million, net of costs and our 15% retained managed interest, resulting in a pre-tax gain after closing costs of $8.9 million ($7.7 million after tax). * Opened Extendicare Beauclaire, a new 320-bed long-term care ("LTC") home in Ottawa, owned by Axium JV II.