OMERS backs CBI's rehab growth as Extendicare takes over home care unit
OMERS Private Equity will stay majority owner of CBI Health even as its home care arm changes hands.
Paramed Inc., a wholly owned subsidiary of Extendicare Inc. (TSX: EXE), has signed an agreement to acquire CBI Health LP’s home care business, which operates under CBI Home Health LP.
The parties expect the transaction to close in the first quarter of 2026, pending final regulatory and related approvals.
OMERS Private Equity has owned CBI Health since 2011 and has worked with the leadership team to grow the company into one of the largest providers of integrated health care services, including physiotherapy, rehabilitation services and home care services.
CBI Home Health, the company’s home care division, has expanded its team from 1,800 employees to 8,500 and delivers more than 10 million hours of care annually across seven provinces.
OMERS will remain a majority owner of CBI Health, supporting ongoing growth, innovation and excellence in the physiotherapy and rehabilitation services sector.
“The investment that OMERS made in CBI Health really launched our direct buyout investment efforts almost 15 years ago,” said Mark Van Wart, managing director and head of healthcare at OMERS Private Equity.
He said CBI Health has been central to the firm’s healthcare investment record over that period and that OMERS continues to look for ways to support the company’s growth and delivery of healthcare services across Canada.
“As CBI Health moves into the future, we are fortunate to have built a strong partnership with OMERS over the last 15 years,” said CBI Health CEO Jon Hantho.
He said the sale of the home care business will fund growth plans in physiotherapy and rehabilitation services.
OMERS Private Equity executive vice president and global head of private equity, Alexander Fraser, said the firm focuses on supporting healthcare services and coverage in Canada, and that Extendicare is positioned to continue operating CBI Home Health.
