Is Revera owned by the Canadian government?
The federal government, through the crown corporation Public Sector Pension Investment Board, is the sole owner of Revera Inc. – and therefore the owner of Canada’s second-largest chain of for-profit long-term care facilities.
Who owns Revera Canada?
Public Sector Pension Investment BoardRevera / Parent organizationThe Public Sector Pension Investment Board is a Canadian Crown corporation established by an act of Parliament in September 1999. PSP Investments is one of Canada’s largest pension investment managers, with CAD $204.5 billion of net assets under management as at March 31, 2021. Wikipedia
How many Revera homes are in Ontario?
Whether you live in the Greater Toronto Area, the Ottawa Region, or another town or city in Ontario, odds are you are close to one or more of Revera’s 60 retirement homes and 52 long term care facilities in the province.
How many locations does Revera have in Canada?
“We have 100 retirement residences in Canada, 80 long term homes in Canada, 30 skilled nursing facilities in the U.S., five home care offices and 15 assisted living sites in the U.S.” says Lozon. “We certainly cover the breadth of services of care for seniors.”
Is Revera being sold?
On March 1, Revera announced that it reached a tentative agreement to sell its 15 per cent ownership stake in a joint venture with Axium Infrastructure that owns 24 of Revera’s 56 LTC homes in Ontario and Manitoba.
Who is the CEO of Revera?
Thomas G. Wellner (Apr 2014–)Revera / CEO
Are there private long-term care homes in Ontario?
Ontario has a total of 627 long-term care homes; 16% are publicly owned, 57% are owned by private for-profit organizations and 27% are owned by private not-for-profit organizations.
What is the largest retirement home in Canada?
Chartwell Retirement Residences
Chartwell Retirement Residences – Canada’s Largest Senior Housing Choice.
Where is revera headoffice?
Mississauga, CanadaRevera / Headquarters
Is revera a REIT?
Thus, Revera, which is a for-profit company, formed out of Central Park Lodges and Retirement Residences REIT, is now fully owned by the pension plan of the federal civil service/RCMP/military through the Public Sector Pension Plan Investment Board.
Which long-term care homes in Ontario are not for profit?
Toronto And GTA Non-Profit Long-Term Care Homes | Nursing Homes
- Baycrest Center. 3560 Bathurst St.
- Bendale Acres. 2920 Lawrence Avenue E.
- Carefree Lodge. 306 Finch Avenue E.
- Cummer Lodge. 205 Cummer Ave.
- Harold and Grace Baker Center. 1 Northwestern Avenue.
- Hellenic Home.
- House of Providence.
- Ina Grafton Gage Home.
Do you have to pay for long-term care in Ontario?
Residents pay a portion of long-term care Long-term care is part of the province’s health care system and publicly funded on a cost-shared basis with residents. The government does not pay the full cost of long-term care and expects residents to pay a portion of their “room and board” to the long-term care home.
Does revera have a pension plan?
Take Action to End For-Profit Long-Term Care The Public Service Alliance of Canada PSAC, whose member’s pension plan owns Revera, is calling on the Public Sector Pension Investment Board (PSPIB) to end their investment in Revera Inc. and transfer it to public ownership.
Who is CEO of Revera?
How many retirement homes does Revera own in Canada?
Through a joint venture, Revera shares ownership of 36 long term care homes in Ontario, Alberta, Manitoba and British Columbia with Axium, a Canadian-based infrastructure investment firm. Through a joint venture, Revera shares ownership with Welltower of 92 retirement communities across Canada, US and UK.
Do relatives have to pay for care homes?
Legally, you are not obliged to pay for your family member’s fees. Whether they are your mother or wife, blood relative or relative by law, unless you have any joint assets or contracts you are not financially involved in their care.
What does Revera offer?
Explore what Revera has to offer. Whether you are looking for independent living, assisted living or memory care, our retirement homes offer a safe environment with personalized care options and recreation programs to suit your needs. Our long term care homes, also known as nursing homes are located across Canada.
Where can I find Revera retirement homes in Canada?
You can find Revera has retirement homes throughout the province in cities, suburbs and small towns. Our residents enjoy easy access to the services and amenities they need, often within walking distance or a short trip from any of our residences.
What is Revera story week?
It is a time to celebrate the wisdom, insights and contributions older adults have made in our communities. Our residents are truly engaged in life – because life doesn’t stop at Revera, it thrives. That’s more living. Revera is where your story continues to unfold. Explore what Revera has to offer.