Chartwell Retirement Residences is the largest provider of seniors' housing in Canada, with over 200 locations across

Quebec Quebec ( ; )According to the Canadian government, ''Québec'' (with the acute accent) is the official name in Canadian French and ''Quebec'' (without the accent) is the province's official name in Canadian English is one of the thirtee ...

Ontario Ontario ( ; ) is one of the thirteen provinces and territories of Canada.Ontario is located in the geographic eastern half of Canada, but it has historically and politically been considered to be part of Central Canada. Located in Central Ca ...

Alberta Alberta ( ) is one of the thirteen provinces and territories of Canada. It is part of Western Canada and is one of the three prairie provinces. Alberta is bordered by British Columbia to the west, Saskatchewan to the east, the Northwest Ter ...

, and

British Columbia British Columbia (commonly abbreviated as BC) is the westernmost province of Canada, situated between the Pacific Ocean and the Rocky Mountains. It has a diverse geography, with rugged landscapes that include rocky coastlines, sandy beaches, ...

. Chartwell offers

independent living Independent living (IL), as seen by its advocates, is a philosophy, a way of looking at society and disability, and a worldwide movement of disabled people working for equal opportunities, self-determination, and self-respect. In the context o ...

(IL), independent supportive living (ISL),

assisted living An assisted living residence or assisted living facility (ALF) is a housing facility for people with disabilities or for adults who cannot or who choose not to live independently. The term is popular in the United States, but the setting is s ...

(AL), memory care (MC), and

long-term care Long-term care (LTC) is a variety of services which help meet both the medical and non-medical needs of people with a chronic illness or disability who cannot care for themselves for long periods. Long-term care is focused on individualized and ...

(LTC) facilities across Canada. In 2017, Chartwell's revenues were CAD $796.34 million, with a net income of CAD $13.08 million. As of June 25, 2018, the

market capitalization Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders. Market capitalization is equal to the market price per common share multiplied by t ...

of Chartwell was CAD $3.23 billion, and it had more than CAD $3 billion in assets. In 2018, the value of the enterprise was approximately CAD $5 billion.FINANCIAL STATEMENTS = http://investors.chartwell.com/QuarterlyResults.aspx?iid=4100072

History

Chartwell was founded in 1998 through the

merger Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect ...

of JBG Management Inc., Alert Care Corporation, and Chartwell Care Corporation – forming a new entity named Chartwell Seniors Housing Real Estate Investment Trust. It was rebranded as Chartwell Retirement Residences in 2012. Chartwell is an unincorporated, open-ended trust that is governed by the laws of Ontario. Chartwell head office is based in Mississauga, Ontario, as well as one corporate office in Montreal, Quebec. Chartwell’s portfolio consists of over 200 owned and managed residences. Its long-term care segment make up 10% of its business. As of the end of December 2020, Chartwell employed over 16,000 staff members across the country. Chartwell is the largest seniors housing provider in Canada.

Leadership team

Chartwell's senior executive committee is made up of four individuals. Vlad Volodarski is the chief executive officer, Karen Sullivan is the president and chief operating officer, Jonathan Boulakia is the chief legal officer and the chief investment officer, and Sheri Harris is the chief financial officer. From 2009-2019, Brent Binions served as President and CEO of Chartwell Retirement Residences. Under his leadership, the company became the largest seniors’ housing company in Canada across four provinces. Mr. Binions is a past President of the Ontario Long term Care Association, past Vice President of the Ontario Residential Care Association and past Vice President for Ontario Retirement Communities Association. He is currently retired, but still sits on Chartwell’s Board of Directors. Former Ontario Premier

Mike Harris Michael Deane Harris (born January 23, 1945) is a Canadian retired politician who served as the 22nd premier of Ontario from 1995 to 2002 and leader of the Progressive Conservative Party of Ontario (PC Party) from 1990 to 2002. During his time ...

has been chairman of the board at Chartwell since about a year after his premiership ended; since then, he has been compensated roughly $3.5-million for his services, mostly in Chartwell stock.

Corporate giving

In 2015, Chartwell assisted in the creation and became the main sponsor of Wish of a Lifetime Canada, a charitable organization focused on granting wishes to seniors in Canada. Chartwell also continues to grant resident wishes through its Moments that Matter program, part of their recreation team’s activity programming in their retirement and long-term care homes. In 2010, Chartwell created and published a book entitled ''Honour'' to commemorate Canada’s Second World War veterans.

COVID-19 response

During the COVID-19 pandemic of 2020–2021, Chartwell was in the "spotlight" as an operator of for-profit care, which had disproportionately high COVID-19 resident deaths compared to not-for-profit or municipal retirement residences in Ontario. It also sparked controversy by paying its shareholders and board members tens of millions in dividends while at the same time receiving tens of millions in emergency funding from the Province of Ontario. The announcement that former Ontario Premier and current Chartwell chairman of the board

would be receiving the

Order of Ontario The Order of Ontario () is the most prestigious official honour in the Canadian province of Ontario. Instituted in 1986 by Lieutenant Governor Lincoln Alexander, on the advice of the Cabinet under Premier David Peterson, the civilian order is adm ...

consequently sparked controversy.

References

{{Reflist Companies listed on the Toronto Stock Exchange Companies based in Mississauga Health care companies of Canada Real estate companies of Canada Housing for the elderly Old age in Canada