Extendicare Announces Appointment of New CFO

MARKHAM, ONTARIO--(Marketwired - May 16, 2013) - Extendicare Inc. ("Extendicare" or the "Company") (TSX:EXE) announced today that Dylan Mann will be appointed Senior Vice President and Chief Financial Officer to replace Doug Harris upon his retirement on July 5, 2013. Mr. Mann holds a Bachelor's of Science in Business Administration with an Accounting major from the University of Rhode Island and is a Certified Public Accountant.

Mr. Mann is a former executive of the Company's wholly owned U.S. subsidiary, Extendicare Health Services, Inc. (EHSI). He joined EHSI in August 2006 as Director of Internal Audit and was promoted to Vice President and Controller in May 2011, a position he held until his departure in August 2012. Since leaving EHSI in 2012, Mr. Mann has been serving as the Vice President, Controller at Brookdale Senior Living.

"I want to extend a warm welcome to Dylan on his return to Extendicare in this important role," said Tim Lukenda, President and CEO of Extendicare. "His previous experience with our Company is a significant asset. Dylan will work closely with Doug during the month of June to help ensure a smooth transition for this critical function," he added.

About Us

Extendicare is a leading North American provider of post-acute and long-term senior care services. Through our network of owned and operated health care centers, our qualified and experienced workforce of 35,600 individuals is dedicated to helping people live better through a commitment to quality service that includes skilled nursing care, rehabilitative therapies and home health care services. Our 247 senior care centers in North America have capacity to care for approximately 27,100 residents.

Forward-looking Statements

Information provided by Extendicare from time to time, including this release, contains or may contain forward-looking statements concerning anticipated financial events, results, circumstances, economic performance or expectations with respect to Extendicare and its subsidiaries, including, without limitation, statements regarding its business operations, business strategy, and financial condition. Forward-looking statements can be identified because they generally contain the words "expect", "intend", "anticipate", "believe", "estimate", "project", "plan" or "objective" or other similar expressions or the negative thereof. Forward-looking statements reflect management's beliefs and assumptions and are based on information currently available, and Extendicare assumes no obligation to update or revise any forward-looking statement, except as required by applicable securities laws. These statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of Extendicare to differ materially from those expressed or implied in the statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on Extendicare's forward-looking statements. Further information can be found in the disclosure documents filed by Extendicare with the securities regulatory authorities, available at www.sedar.com and on Extendicare's website at www.extendicare.com.