Extendicare - Cedars Villa

Description

Extendicare Cedars Villa
Extendicare Cedars Villa is located in Calgary within the scenic community of Spruce Cliff just north of the Shaganappi Golf Course on four beautifully landscaped acres Our singlestory home is warm and personal with a country feel Residents enjoy an abundance of natural sunshine within our six lush green courtyards filled with various trees shrubs and flowers

Our goal is to provide high quality care and services to you or your loved one in a warm comfortable relaxed environment that you will think of as home

History

1968 Business incorporated with a federal charter under the name Pendexcare Ltd to operate as a supplier of longterm care services in Canada with an aim of helping to relieve an overburdened hospital system

1968 Pendexcare changes its name to Extendicare Canada Ltd near the end of the year

1969 Extendicare purchases its first nursing home in Ottawa Ontario and begins construction on four facilities in the province

1974 Extendicare Canada Ltd changes its name to Extendicare Ltd

1975 Extendicare launches ParaMed Home Health Care now one of Canadas largest home care providers

1976 Extendicare expands into the United States with the acquisition of Medco Centers Inc a nursing home operator with 25 locations in Indiana and Kentucky

1980 Extendicare expands into financial insurance and other services through the acquisition of interest in Crown Life Insurance Company

1983 Extendicare Ltd changes its name to Crownx Inc

1994 Crownx Inc embarks on a fiveyear construction program to diversify its US operations by building assisted living facilities on sites adjacent to its existing nursing facilities to create a campusstyle approach to delivering senior care Over the next five years the number of assisted living facilities in operation increases to 45

1996 Crownx Inc changes its name to Extendicare Inc

1997 Extendicare refocuses on its longterm care businesses and announces intention to sell its 322 equity interest in Crown Life entered into sale agreement in 1998 that closed in 2007 and also sells other noncore assets

1997 Extendicare acquires Arbor Health Care Company an operator of 31 nursing facilities in five US states also with an institutional pharmacy business and outpatient rehabilitation clinics in two states The pharmacy business is subsequently sold

2001 Extendicare is awarded licenses to construct 11 new facilities plus an additional five facilities through partnerships with public sector hospitals as part of a strategic decision by the Province of Ontario to significantly increase nursing home beds in the province

2005 Extendicare acquires Assisted Living Concepts Inc ALC which adds 177 assisted living facilities in the United States

2006 Extendicare completes a Plan of Arrangement the Arrangement that results in Extendicare being converted to a Canadian real estate investment trust Extendicare Real Estate Investments Trust Extendicare REIT As part of the Arrangement ALC is distributed to Extendicare REIT unitholders with its shares symbol ALC listed on the New York Stock Exchange Through its subsidiary operating entities Extendicare REIT owns and continues to operate the US and Canadian nursing home businesses a smaller number of assisted living homes and related businesses of Extendicare and holds Extendicares investment in Crown Life the sale of which had been pending since 1997

2007 In July Extendicare completes the sale of an approximate 35 equity interest in Crown Life

2007 In October Extendicare acquires Tendercare Michigan Inc and related entities adding 30 senior care facilities involving approximately 3300 beds and two development projects in the State of Michigan to its US portfolio