Leisureworld Senior Care Corporation
TSX : LW

Leisureworld Senior Care Corporation

April 23, 2010 17:30 ET

Leisureworld Senior Care Corporation Issues 958,649 Common Shares

MARKHAM, ONTARIO--(Marketwire - April 23, 2010) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Leisureworld Senior Care Corporation (TSX:LW) ("Leisureworld") today announced the issuance of 958,649 common shares to Macquarie Long Term Care LP ("MLTCLP") pursuant to the terms of the promissory note issued by Leisureworld to MLTCLP on the closing date of Leisureworld's initial public offering. Following the issuance, MLTCLP beneficially owns approximately 4.8% of the outstanding common shares of Leisureworld. 

About Leisureworld

Leisureworld is the third largest licensed long-term care (LTC) provider in Ontario and the largest participant in the Canadian seniors housing sector. Leisureworld owns and operates 26 LTC homes, representing approximately 4,314 beds across Ontario, Canada. Leisureworld also owns and operates one retirement home with 29 beds and one independent living home with 53 apartments. Leisureworld subsidiaries include: Preferred Health Care Services, an accredited provider of professional nursing and personal support services, Ontario Long Term Care, a provider of purchasing services, dietary, social work, and other regulated health professional services, and Tealwood Developments, a provider of laundry services to the Leisureworld Homes.

Contact Information

  • Leisureworld Senior Care Corporation
    Derek Henderson
    Investor Relations
    (416) 447-4740 ext 232