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EXTENDICARE Ⓡ helping people live better NEWS RELEASE EXTENDICARE ANNOUNCES 2021 FIRST QUARTER RESULTS MARKHAM , ONTARIO - May 12 , 2021 – Extendicare Inc. ( “ Extendicare " or the " Company ” ) ( TSX : EXE ) today reported results for the three months ended March 31 , 2021. Results are presented in Canadian dollars unless otherwise noted . " The first quarter of this year marked a turning point in the pandemic for long - term care ( LTC ) with the success of the vaccination program for residents and staff . Despite the arrival of a third wave of COVD - 19 across the country , outbreaks and cases have dropped dramatically in our homes . Nevertheless , the presence of numerous virus variants means that we must remain vigilant by maintaining higher staffing levels , enhanced infection control and regular testing until the threat of the pandemic has passed , " said President and Chief Executive Officer , Dr. Michael Guerriere . " We worked tirelessly to keep our residents and team members safe during the first and second waves of COVID - 19 . Additional staff , enhanced infection control procedures and routine testing to isolate positive cases have been effective in helping to curb the virus . Tragically , the virus overwhelmed our defenses in some homes that experienced severe outbreaks where many of our residents and frontline staff became infected . We continue to mourn residents and one of our team members who were lost to this virus . We remain steadfast on driving improvements in the LTC sector in their memory . We are committed to working with provincial governments and our partners across the health system to advance much - needed initiatives to build a better future for our residents and team members , " added Guerriere . Investing in Staff and New Homes During the last year , Extendicare added more than 1,000 new frontline caregivers to its LTC homes . This positions us well to enhance our quality of care supported by the Ontario government's Long - Term Care Staffing Plan that targets four hours of care per resident day . We are also making progress in training and hiring 600 new caregivers this year at ParaMed through internal training programs that were launched last year . We are moving quickly to advance our long - term plan to replace aging infrastructure with modern , safer living spaces . Of the 22 LTC redevelopment projects we have proposed to the Ontario government , nine have received allocations of beds so far . We broke ground on our new 192 - bed Kingston , Ontario LTC home in April , and construction on our Sudbury new build continues . Four additional projects are targeted to begin construction before the end of next year . " After so many years of advocating for replacement of aging facilities , it is gratifying to see these projects move forward , " said Dr. Guerriere . “ In total , the nine projects under way represent a $ 500 million investment by Extendicare in newer , safer homes for LTC residents in Ontario . Combined with the marked expansion of caregivers in LTC and homecare , we are building capacity to help people live better today and into the future . We deeply appreciate the new programs and the leadership demonstrated by the Government of Ontario that make these improvements possible . " 1 Protecting our Residents , Clients and Caregivers The third wave of COVID - 19 has put considerable strain on health systems across Canada . Emergency measures enacted by Canada's federal and provincial governments to combat the spread of COVID - 19 remain in place or have been reinstated in most regions . We continue to work closely with all levels of government , health authorities , our industry partners and advocacy groups to help ensure our collective response to the crisis is focused on the protection and care of our residents , clients and caregivers . As a result of successful vaccination efforts , case numbers in Extendicare homes and communities have dropped substantially : As of May 11 , 2021 there are only two active resident cases of COVID - 19 across our 69 LTC homes and retirement communities ;