Extendicare Completes Acquisition Of Lynde Creek Retirement Community

Extendicare recently announced it has completed its acquisition of Lynde Creek Retirement Community. The cost of the cash purchase was $34.5 million.

Lynde Creek Manor Retirement Residence offers 93 independent and assisted living suites, while Lynde Creek’s Village consists of 113 townhomes. Additionally, Lynde Creek includes “the excess land,” additional land that would allow further expansion for additional independent supportive living (ISL) and assisted living (AL) suites or apartments for seniors. With the acquisition, Extendicare now owns and operates nine private-pay retirement communities offering a range of ISL/AL and memory care services.

Extendicare is a leading . . .