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Who owns Revera long-term care?

Public Sector Pension Investment Board
Revera/Parent organizations

How many long-term care homes does revera own?

36 long term care homes
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.

Is revera Chinese owned?

Revera Inc. is a Canadian company that provides accommodation, care and services for seniors. It owns and operates retirement residences and long-term care facilities.

Is revera public or private?

Revera is a multi-billion dollar private continuing care operator that owns more than 500 facilities across Canada, the United States and the United Kingdom, including 22 in Alberta alone. By taking Revera public, we can reimagine long term care and better protect our loved ones and their caregivers. Enough is enough!

Is Revera a Crown corporation?

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. Join us in calling on the government to make Revera Inc. public.

Is Revera owned by the government?

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.

Is revera a Crown corporation?

Is Rivera a Crown corporation?

Revera, which owns and operates more than 500 seniors’ residences in North America and the U.K., is a wholly owned subsidiary of PSP Investments, a Canadian Crown corporation that invests funds for the pension plans of federal public servants, Canadian Forces personnel and the RCMP.

Is revera not for-profit?

public. Revera Inc is a for-profit chain long-term care corporation that, according to an investigative piece by Global News,had the second highest number of deaths in their residents during the first wave of the COVID-19 pandemic.

Who is CEO of Revera?

Thomas G. Wellner

Is revera owned by the government?

What kind of living options does Revera offer?

We offer a range of senior living options including independent living, assisted living, memory care and long term care. We understand how to create the best experience for people living in a Revera home. We believe everyone should have the opportunity to live a life of purpose, and we create environments that make this possible.

What does Revera do to improve the aging experience?

Through a strategic focus on growth, innovation and leadership, Revera aims to improve the aging experience by celebrating the ageless spirit of older adults. Deciding where you want to live is both an exciting adventure and a lot of work.

What are the core values of Revera Corporation?

Our core values are the foundation of our company and set the standard for everything we do. We champion diversity and work to help everyone we meet feel valued. We step up and do the right thing, taking personal accountability for all of our actions. We empathize with everyone and strive to make emotional connections with each other.

Do you need a referral for long term care?

If long term care is right for you, you will need a referral from the local health authority. We want you to have as much information as possible so you know what to expect. Find out more about the admissions process and the costs involved.