Mike Petersen, President & CEO
On October 25, 2020, eight months after the beginning of the outbreak/pandemic, one of our residences experienced an outbreak. The good news is that it was quickly contained, with no critical or serious cases, and we were able to put our training and preparation into action and learn from this experience. The other good news is that our remaining four Levante senior living residences are still Covid-Free and we continue to work hard to keep our communities safe and healthy.
While the media has widely reported on the relatively small amount of retirement and long-term care residences that have struggled during this time, a far greater number of residences acted early, were diligent to follow Public Health protocols, were transparent with their residents and staff, and weathered this pandemic incredibly well to date. In fact, as a result of our enhanced pandemic protocols, all Levante Living residences experienced a reduced number of general influenza cases this year. Any hardship, any challenge, has the potential to make us stronger and wiser. Using what we know now, I believe that retirement communities have the potential to be one of the safest environments for seniors–especially during a pandemic.
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.