Founded in 1972, Leisureworld Senior Care Corporation is the third largest long-term care provider in Ontario. 2010 marked Leisureworld's first year as a publicly traded company with shares trading on the Toronto Stock Exchange under the trading symbol ‘LW’. Leisureworld owns and manages 26 long-term care homes, one independent living home, and three retirement homes. It cares for approximately 4,300 residents in its long-term care homes and employs over 5,000 employees. For 40 years, it has provided quality care, safe and supportive accommodation, and has created an environment where residents and clients enjoy life to the fullest.
The company also operates two related businesses: Preferred Health Care Services - a provider of professional nursing and personal support services for community-based home care and long-term care homes and Ontario Long Term Care – a provider of purchasing services to the company’s facilities.
Investment Highlights
- Attractive dividend yield and stability
- Strong business fundamentals and government funding
- Essential service and vital part of the community infrastructure
- Favourable industry fundamentals – aging population resulting in increasing demand for long term care
- Quality portfolio with scale - more than 50% of LTC homes classified “New”
- Strong internal and external growth prospects
For more information, click here.
|