GOLDEN HEALTH CARE

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COMPANY PROFILE

Golden Health Care is the largest full-service retirement operator in Saskatchewan. They have a unique model of “aging in place” where Golden’s care homes adapt to the needs of each individual resident from assisted living up to long term care in each facility, maintaining a family environment rather than an institutional one regardless of the level of care required. This is a philosophy that Western truly believes in and is unique to Golden. The homes bring with them an established management team, and a reputation of quality service and resident suites.

Financial Metrics

  Purchase Price $5mm
  Purchase Date September 1, 2017
  WIC Ownership 30%

Industry

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Human Services

Investment Thesis

  • Seasoned management team and largest full service retirement operator in Saskatchewan; under-levered assets.
  • Unique service model by offering “aging in place” care in the same community/facility.
  • Expectation of regulatory changes in the Saskatchewan marketplace will potentially boost expansion potential.
  • Expansion opportunities at sites where occupancy  is currently 100% with significant waiting lists.
  • New build sites in planning stages.
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Golden Health Care is addressing the needs of our aging population as the largest private provider of personal care homes in Saskatchewan. The significant growth of our aging population represents an increase in demand for aging-in place healthcare and a need for more capacity. We are excited to partner with Western to develop a planning framework for growth that focuses on these emerging opportunities. Western’s successful track record and expertise amongst its Board is exceptional and supports the vision of Golden Health Care for future expansion.”

Heather Haupstein, CEO