Mike Petersen, President & CEO
Across the retirement living sector, Covid-19 has continued to challenge residents, team members and families in 2021. Despite these challenges and through rigorous infection control and vaccination programs, Levante Living was able to achieve outstanding outcomes through the third wave of Covid-19. We experienced two outbreaks with a combined total of 4 positive team member cases during the third wave. Through continued education and leadership support for access to vaccines, 85% of Levante Living team members and 95% of residents have received at least one dose of and approved Covid-19 vaccine. Due to high vaccination rates among residents and team members, there were no lost lives and zero resident cases in the second quarter of 2021. As a result of these outstanding vaccination rates and with the guidance of public health, safe family visits, re-opening of dining rooms and programming have resumed across our residences. We are incredibly proud of the commitment and tenacity of our front line teams as they have work tirelessly to keep our residents safe.
At Levante Living, we intend to take what we’ve learned during this pandemic and put it to good use at our retirement residences. Should sheltering in place ever be necessary again, our seniors can have peace of mind knowing that they don’t have to risk going out to the grocery store between 7-8am–their meals are provided. They won’t be alone for weeks on end. They’ll have greater access to testing and emergency help if they need it. Medications and doctor visits continue to be provided for within the residence. And most importantly: in partnership with Public Health, the policies and procedures, including the extra precautions relating to pandemics, needed to keep our seniors safe are already in place.
There will continue to be a burgeoning aging population, and many will need the kind of care and socialization only a retirement or long-term care home can offer. Nothing will change that. We believe in the continued growth and value of the senior living sector and in management’s value creation strategy for current and future Levante Living retirement residences.
Levante continues to cultivate resilient communities you can trust.
We believe this is the future of Senior Living in Canada.
This document is not intended to provide the basis of any credit or other evaluation, does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities, nor shall any part of this document form the basis of, or be relied on in connection with, any contract or investment decision in relation to any securities.
This documents contains forward-looking information and are provided for the purpose of presenting information about management’s current expectations and plans relating to the future. Readers are cautioned that such statements may not be appropriate for other purposes. All statements other than statements of historical facts are forward-looking statements and include statements relating to the outlook of the senior living sector and Levante’s anticipated value creation strategy. Forward-looking statements are based upon a number of assumptions and are subject to a number of known and unknown risks and uncertainties, many of which are beyond our control, including the effect of the COVID-19 pandemic on Levante’s financial condition, the senior living sector, and society as a whole, that could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking statements. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those expected or estimated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Levante is not under any duty to update any of the forward-looking statements except as otherwise required by applicable legislation.