Five of the elder care homes are in Ontario, while the sixth in the western Canadian province of Saskatchewan. Between them, there are 717 suites with an average age of around seven years.
SINGAPORE (Feb 26): Singapore Press Holdings (SPH) is set to acquire six aged care assets in Canada for a total of C$232.9 million ($244.5 million) through its wholly-owned subsidiary Times Properties.
The move is in line with its strategy of investing in ageing and healthcare assets to expand its business footprint in markets with a fast-ageing population, the media and property group announced on Wednesday.
