06:16 AM EDT, 06/03/2025 (MT Newswires) -- Extendicare ( EXETF ) overnight Monday said it completed its previously announced transaction with Revera and certain of its affiliates to acquire nine "Class C" long-term care homes in Ontario and Manitoba, and one parcel of vacant land in Ontario for about $60.3 million.

The price paid includes $40.2 million in cash and the assumption of $20.1 million in liabilities, including government funding reimbursement obligations and committed capital maintenance project obligations, excluding transaction costs.

The purchase price was funded from cash on hand, the company said.