MARKHAM, Ontario--(BUSINESS WIRE)--Aug. 4, 2005--Extendicare Inc. (TSX:EXE.MV) and (TSX:EXE.SV); (NYSE:EXE) released its financial results for the second quarter of 2005.
- Q2 health care earnings of $0.40 per diluted share
- Assisted Living Concepts (ALC) contributed US$11.2 million of EBITDA
- U.S. operations EBITDA margin of 17.2%
- Strong U.S. Medicare census of 19.1%
- U.S. nursing home occupancy of 92.7%
Extendicare Inc. today reported 2005 second quarter net earnings of $25.2 million ($0.37 per diluted Subordinate Voting Share) compared to $18.3 million ($0.26 per diluted Subordinate Voting Share) in the 2004 second quarter. Earnings from health care operations prior to the undernoted items rose to $28.0 million ($0.40 per diluted share) compared to $21.7 million ($0.31 per diluted share) in the 2004 second quarter.
