With respect to the $31.9 million, EHSI has already received the benefit of US$9.2 million, and is expected to receive the remaining US$22.7 million either through a refund of taxes paid or the offset of taxes to be paid in 2005.
Extendicare will release its 2004 fourth quarter financial results after the close of markets on Tuesday, February 22, 2005. The Company will hold a conference call on Wednesday, February 23, 2005 at 10:00 a.m. (ET) to discuss its results for the fourth quarter and year ended December 31, 2004.
Following its release on February 22, 2005, the Company will post a copy of the press release on its website, in addition to an update of its supplemental information package found under the Investor Information/Investor Documents/Supplemental Information section of its website, www.extendicare.com.
The February 23, 2005 conference call will be webcast live, and archived, in the Investor Information section of Extendicare's website.
For those wishing to call in, the toll-free number for the live call is 1-800-387-6216. Local callers please dial 416-405-9328. A taped rebroadcast will be available approximately two hours after completion of the live call on February 23, 2005 until midnight on March 11, 2005. To access the rebroadcast dial 1- 800-408-3053. Local callers please dial 416-695-5800. The conference ID number is 3132614.
Scheduled speakers for the Company on the conference call include: Mel Rhinelander, President and Chief Executive Officer; Richard Bertrand, Senior Vice-President and Chief Financial Officer; and Christopher Barnes, Manager, Investor Relations.
Extendicare, through its subsidiaries, now operates 440 long- term care and assisted living facilities across North America, with capacity for over 34,400 residents. As well, through its operations in the United States, Extendicare offers medical specialty services such as subacute care and rehabilitative therapy services, while home health care services are provided in Canada. The Company employs 38,500 people in North America.