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On May 1, 2025, Southbridge Health Care (“Southbridge”) acquired 21 long-term care homes from Revera Long Term Care Inc. and its affiliates (“Revera”), marking one of the largest long-term care transactions in Ontario’s history.
Southbridge is a manager of long-term care homes, retirement and independent living communities across Ontario providing consistent, high-quality care for its residents. The acquisition brings Southbridge’s total portfolio to 56 homes with a combined resident capacity of approximately 6,100, positioning it as one of Canada’s leading owner-operators in the sector.
Miller Thomson advised Southbridge with a team led by Enzo Di Iorio, Michael Caruso and Luigi Valente.
Parties
Company
Southbridge Health Care
Company
Revera Long Term Care Inc.
Deal Type
Merger & AcquisitionIndustry
InfrastructureTransaction
Undisclosed/ConfidentialDeal Status
ClosedClosing Date
01 May 2025