MARKHAM, ON--(Marketwired - February 23, 2016) - Extendicare Inc. ("Extendicare" or the "Company") (TSX: EXE) today announced that it has closed on the previously announced acquisition of two private-pay retirement communities, with 158 suites in total, for approximately $40.5 million, inclusive of up to $4.5 million of income support, representing an expected stabilized NOI yield in the range of 7.3% to 7.7%.
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