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A new transaction between private long-term care providers Revera and Extendicare merely shuffles the board rather than solving the crisis in private long-term care homes that has led to thousands of deaths throughout the pandemic.
As part of the deal announced March 1, Extendicare is acquiring a 15 per cent interest in Revera’s long-term care homes in Ontario and Manitoba and taking over operations in all 32 remaining Revera long-term care homes in those provinces.
Revera
May 28, 2021
Canadians will never forget the horrible images of seniors suffering alone in private long-term care homes during the COVID-19 pandemic. Of the more than 25,000 people who have died to date from the virus in Canada, nearly 70 per cent lived in long-term care facilities – and most of those were in private, for-profit care facilities, such as those owned by Revera, Inc.
April 16, 2021
In a joint letter with 13 other bargaining agent members of the National Joint Council, PSAC requested that Treasury Board President Jean-Yves Duclos take the lead in talks between the Public Sector Pension (PSP) and ministries of health in each province with the goal to move Revera from private, to public ownership.
March 22, 2021
As a first step, the NDP is urging the government to immediately transition Revera Inc. to public ownership.
March 19, 2021
After pressure from PSAC to act urgently, PSPIB has finished selling all its shares in two for-profit prison companies.
March 11, 2021
PSAC members don’t want their pensions invested in those profiting from human suffering.
January 28, 2021
It is quite stunning and deeply disappointing to learn that a federally-owned corporation may also be making use of offshore tax-havens to avoid paying taxes.
December 10, 2020
PSAC members remain deeply concerned by their pension plan’s ownership of Revera.
October 13, 2020
Creating a public, non-profit long-term care system in Ontario – as proposed by the Ontario NDP last week – is the only way forward to protect seniors and prevent further tragedies in the province’s nursing homes during the pandemic.
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