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EXTENDICARE Ⓡ ● helping people live better EXTENDICARE ANNOUNCES 2021 SECOND QUARTER RESULTS MARKHAM , ONTARIO , August 5 , 2021 · Extendicare Inc. ( “ Extendicare " or the " Company " ) ( TSX : EXE ) today reported results for the three and six months ended June 30 , 2021. Results are presented in Canadian dollars unless otherwise noted . Second Quarter Highlights Continuing growth in vaccination levels among residents and staff , providing enhanced protection across our network . NEWS RELEASE 1 No current outbreaks in our long - term care ( LTC ) homes or retirement communities . LTC occupancy up 250 bps as COVID restrictions ease . Maintaining enhanced staffing levels , testing and other prevention measures as emergence of COVID variants remain a concern . Home health care average daily volumes increase 3.7 % and return to pre - pandemic levels . " As the impact of the pandemic receded , we experienced a broad recovery across Extendicare in the second quarter , with strong growth in both LTC occupancy and home health care volumes , " said President and Chief Executive Officer , Dr. Michael Guerriere . “ We are gratified by the outstanding efforts of our staff to get vaccinated to protect themselves and those we care for . Our comprehensive resident and staff vaccination program has ena us to welcome families and visitors back into our LTC homes and retirement communities in recent weeks . While we are encouraged by the progress made this quarter , we continue to maintain enhanced staffing levels in our homes , accompanied by robust testing and other prevention measures , to complement the success of the vaccines . We remain vigilant as a resurgence in COVID - 19 cases cannot be ruled out until there is broader progress on vaccination rates in the general population . " Protecting Residents , Clients and Caregivers As of August 5 , 2021 , Extendicare has no active outbreaks across its 69 LTC homes and retirement communities . Extendicare's extensive education and awareness campaign for staff , along with the provision of paid time off and reimbursement of travel expenses for vaccination , are contributing to rising vaccination rates that are helping to keep our residents and employees safe and keep the virus out of our LTC homes and retirement communities . Our vaccination rates as of August 5th were as follows : 92 % of our LTC and 90 % of our retirement residents have been fully vaccinated ; 86 % of our LTC staff and 80 % of our retirement staff have received at least their first dose ; and 86 % of ParaMed staff have received at least their first dose . More of our staff are being vaccinated each week . We continue to conduct active symptom screening upon entry and continued use of personal protective equipment . Surveillance testing continues to play an important role in keeping our homes and communities safe - now with a particular focus on those who are not yet fully vaccinated . With the marked decrease in COVID - 19 outbreaks in Q2 2021 , our pandemic related spending decreased to $ 42.8 million from $ 58.1 million in Q1 2021. These costs were partially offset by provincial funding of $ 33.3 million . These costs included $ 11.3 million in temporary pandemic pay premiums for eligible front - line staff in Q2 2021 , offset by funding from Ontario and Alberta . Since the beginning of the pandemic , unfunded pandemic costs have resulted in a cumulative reduction of Adjusted EBITDA of $ 41.9 million . While COVID - 19 costs declined in Q2 2021 , we will continue to incur elevated costs as we remain vigilant in our on - going efforts to protect our residents , clients and staff until the threat of the pandemic has abated . The amount and timing of COVID - 19 funding has not always aligned with when costs are incurred causing significant volatility in our results , which we expect will continue until the pandemic subsides .