TSX:EXEHealthcare
Extendicare (TSX:EXE) Is Up 6.0% After CBI Deal, Dividend Hike And New BBB Rating – Has The Bull Case Changed?
In recent weeks, Extendicare completed its approximately C$570 million acquisition of home health care operator CBI Health, reported better‑than‑expected fourth-quarter results, raised its dividend, and received a BBB credit rating from DBRS.
CIBC Capital Markets responded by reiterating its positive view on the company, highlighting how Extendicare’s stronger balance sheet and expanded home health footprint could reshape its business mix.
We’ll now examine how the CBI Health acquisition...