Chartwell Retirement Residents announced last week it will transition 16 of its Ontario long-term care homes, totaling 2,418 beds, to AgeCare Health Services and Axium Infrastructure Inc. for $446.5 million. The deal equates to $358,456,029.93 in American currency. Chartwell’s management platform, which serves these 16 homes and another six homes with 866 beds, will be […]
Axium Infrastructure
Revera and Axium Form JV to Own 32 LTC Homes in Canada Revera and Axium Infrastructure completed a joint venture (JV) transaction to share ownership of 32 of Revera’s long-term care (LTC) homes in Ontario, Alberta, Manitoba, and British Columbia. Revera, a senior living owner, operator, and investor, will continue to run the homes. Independent portfolio manager […]
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