MarketWatch (press release)
MARKHAM, ONTARIO, Nov 15, 2010 -- Leisureworld Senior Care Corporation today announced that the Company's dividend for November, 2010 will be $0.0708 per share, representing $0.85 per share on an annualized basis. Payment will be made on December 15, 2010 to shareholders of record November 30, 2010.
Leisureworld is the third largest licensed long-term care (LTC) provider in Ontario. The Company owns and operates 26 LTC homes, approximately 4,314 beds across Ontario, Canada.
One Globe and mail article I read stated that 530 of over 614 LTC homes were operated by for-profits in Ontario. It is a hard statistic to determine.
Leisureworld also owns and operates one retirement home with 29 beds and one independent living home with 53 apartments. Leisureworld subsidiaries include: Preferred Health Care Services, an accredited provider of professional nursing and personal support services, Ontario Long Term Care, a provider of purchasing services, dietary, social work, and other regulated health professional services, and Tealwood Developments, a provider of laundry services to the Leisureworld Homes.
Who works in long-term care?
Most of whom are not regulated, nor trained equally. They deliver the most intimate of care to our loved ones.