Crunching Numbers

Growing expenses, financing, insurance, budget management… all of these issues can be overwhelming. You have enough to worry about – Extendicare’s resourceful team can help you in all financial aspects of building or retrofitting your home. We can:

Review the fiscal viability of rebuilding or retrofitting.
The decision to rebuild or retrofit will effect both your residents and your financial requirements. Extendicare can aptly assess the feasibility of rebuilding vs. retrofitting, while taking into account your current space allotment, engineering requirements, and of course, the smooth transition and care of your residents.

Provide pro forma income statements on all options, based on current or recommended operations.
Just as navigators use maps to point them to their destination, Extendicare can prepare pro formas to guide you in your decision making.

Make recommendations on building to LEED standards.
Being a “green” builder is the way of the future: LEED certified buildings have healthier work and living environments, which contributes to higher productivity and improved employee and resident health and comfort. However, when LEED certification is pursued, the cost of initial design and construction increases. Extendicare can provide solid advice on the value and return on investment for going green.

Facilitate builder’s risk insurance.
In the world of long-term care you know that anything can happen in an instant, and that being prepared is of utmost importance. Don’t leave your building construction to chance – Extendicare can find you the best insurance at a cost-effective price.

Project and manage cash flow.
With all the issues that require focus in your redevelopment, staying on top of your cash flow can appear nearly impossible while ensuring quality care and services are delivered to your residents. The financial experts at Extendicare can ensure your cash flow runs smoothly.

Act as a broker in the financing process or connect you with lenders.
Who do you go to for financing? With over 80 senior care homes owned and operated across Canada, Extendicare has solid connections with an assortment of lenders. Put our strength to work: allow us to broker the process or provide you with contacts at select lenders. Extendicare’s experience in managing the financial aspects of our own capital redevelopment and solid history with lenders can give you all you need to make the redevelopment process as manageable as possible.