Yorkville Health Care Fund, alongside Southbridge Health Care, has acquired 21 long-term care homes from Revera, marking one of the largest transactions in Ontario's history. The expanded portfolio now includes 57 homes with a resident capacity of approximately 6,500, positioning Southbridge as a leading owner-operator in Canada.
Key highlights:
- Portfolio Growth: The acquisition strengthens Yorkville’s presence, enhancing capacity, density, and land utilization.
- Modernization: Yorkville has raised $275 million in equity since 2020, modernizing 70% of its Class C homes to meet updated long-term care standards.
- Development Initiatives: Southbridge is advancing with eight new homes in development and a commitment to improving senior living conditions.
The transaction, pending Ministry of Long-Term Care approval, was facilitated by Yorkville Asset Management and Canaccord Genuity Corp.
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