Extendicare Inc.

Extendicare Inc.

March 28, 2005 08:01 ET

Extendicare to Present at Lehman Brothers Global Healthcare Conference


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: EXTENDICARE INC.

TSX SYMBOL: EXE.MV
TSX SYMBOL: EXE.SV
NYSE SYMBOL: EXE

MARCH 28, 2005 - 08:01 ET

Extendicare to Present at Lehman Brothers Global
Healthcare Conference

MARKHAM, ONTARIO--(CCNMatthews - March 28, 2005) - Extendicare Inc.
(TSX:EXE.MV)(TSX:EXE.SV)(NYSE:EXE) announced that Extendicare will be
presenting at the Lehman Brothers Global Healthcare Conference on March
30, 2005 at 8:00 am ET. The presentation will be webcast live on
Extendicare's website at www.extendicare.com. The presentation will be
available for viewing for 90 days following the live webcast.

Extendicare is a major provider of long-term care and related services
in North America. Through its subsidiaries, Extendicare operates 440
nursing and assisted living facilities in the United States and Canada,
with capacity for over 34,400 residents. As well, through its operations
in the United States, Extendicare offers medical specialty services such
as subacute care and rehabilitative therapy services, while home health
care services are provided in Canada. The Company employs 38,000 people
in North America.

Statements contained in this release other than statements of historical
fact, including statements regarding anticipated financial performance,
business strategy and management's plans and objectives for future
operations, are forward-looking statements. These forward-looking
statements can be identified as such because the statements generally
include words such as "expect", "intend", "anticipate", "believe",
"estimate", "plan" or "objective" or other similar expressions. These
forward- looking statements are subject to risks and uncertainties that
could cause actual results to differ materially from those expressed in,
or implied by, these statements. In addition to the risks and
uncertainties related to these statements, other risks and uncertainties
are identified in Extendicare Inc.'s or Extendicare Health Services,
Inc.'s filings with Canadian and United States securities regulators and
include, but are not limited to, the following: changes in the health
care industry in general and the long-term care industry in particular
because of political and economic influences; changes in regulations
governing the industry and the Company's compliance with such
regulations; changes in government funding levels for health care
services; resident care litigation, including exposure for punitive
damage claims and increased insurance costs, and other claims asserted
against the Company; the successful integration of Assisted Living
Concepts, Inc.; changes in foreign currency translation; the Company's
ability to attract and retain qualified personnel; the availability and
terms of capital to fund the Company's capital expenditures; changes in
competition; and demographic changes. Given these risks and
uncertainties, readers are cautioned not to place undue reliance on the
Company's forward-looking statements. All forward-looking statements
contained in this report are necessarily estimates reflecting the best
judgement of the party making such statements based upon current
information, and the Company assumes no obligation to update any
forward- looking statement.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Extendicare Inc.
    Christopher Barnes
    Manager, Investor Relations
    (905) 470-5483
    (905) 470-4003 (FAX)
    Email: cbarnes@extendicare.com
    Visit Extendicare's Website @ www.extendicare.com