First Research Canadian Industry Profile

The Canadian nursing homes and long-term care facilities industry consists of about 10,000 employer establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $28 billion, or about 11% of the country’s spending on health care. Large companies include Extendicare, Revera, and Sienna Senior Living. The industry is segmented into homes for the aged; residential mental health and substance abuse facilities; and other residential care facilities for transients, delinquents, and the physically disabled.

Demand for residential care facilities is driven primarily by growth in the population of older adults. Residential care facilities compete directly with ... plus: