Chartwell Retirement Residences: Difference between revisions
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In 2010, Chartwell created and published a book entitled “HONOUR” to commemorate Canada’s Second World War veterans. The book was available for purchase and all proceeds from the sale of the book were donated to Canadian organizations committed to the remembrance of Canadian veterans. The book can still be downloaded online on Chartwell’s official website. In 2020, ten years after publishing the book, Chartwell donated $25,000 to the Legion National Foundation. <ref name="Newswirepress">{{cite web |url=https://www.newswire.ca/news-releases/chartwell-retirement-residences-helps-makes-the-lives-of-canadian-veterans-better-by-supporting-the-legion-national-foundation-883431673.html |title=Chartwell Retirement Residences Helps Makes The Lives of Canadian Veterans Better By Supporting the Legion National Foundation |work=Newswire|accessdate=2020-11-09}}</ref> |
In 2010, Chartwell created and published a book entitled “HONOUR” to commemorate Canada’s Second World War veterans. The book was available for purchase and all proceeds from the sale of the book were donated to Canadian organizations committed to the remembrance of Canadian veterans. The book can still be downloaded online on Chartwell’s official website. In 2020, ten years after publishing the book, Chartwell donated $25,000 to the Legion National Foundation. <ref name="Newswirepress">{{cite web |url=https://www.newswire.ca/news-releases/chartwell-retirement-residences-helps-makes-the-lives-of-canadian-veterans-better-by-supporting-the-legion-national-foundation-883431673.html |title=Chartwell Retirement Residences Helps Makes The Lives of Canadian Veterans Better By Supporting the Legion National Foundation |work=Newswire|accessdate=2020-11-09}}</ref> |
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==COVID-19 response== |
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During the COVID-19 pandemic of 2020–2021, Chartwell had disproportionately high COVID-19 resident deaths compared to not-for-profit or municipal retirement residences in Ontario.<ref name="urlHarris">{{cite web |url=https://www.wellandtribune.ca/ts/news/gta/2021/01/01/appointment-of-mike-harris-to-order-of-ontario-sparks-anger.html|title=Appointment of Mike Harris to Order of Ontario sparks anger|work=Welland Tribune| accessdate=2020-01-03}}</ref> 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.<ref name="urlTorStar">{{cite web| url=https://www.thestar.com/news/gta/2020/12/26/big-for-profit-long-term-care-companies-paid-out-more-than-170-million-to-investors-through-ontarios-deadly-first-wave.html |title=Big for-profit long-term-care companies paid out more than $170 million to investors through Ontario’s deadly first wave |work=Toronto Star |accessdate=2020-01-03}}</ref> The announcement that former Ontario Premier and current Chartwell Board Member [[Mike Harris]] would be receiving the [[Order of Ontario]] consequently sparked controversy.<ref name="urlHarris"/> |
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==References== |
==References== |
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Revision as of 21:22, 8 February 2021
 | This article needs additional citations for verification. (August 2015) |
| Company type | Public |
|---|---|
| TSX: CSH.UN | |
| Industry | Seniors' housing |
| Founded | 2003 |
| Headquarters | Mississauga, Ontario , Canada |
Number of locations | 200+ |
Number of employees | 16,000+ |
| Website | chartwell |
Chartwell Retirement Residences is the largest provider of seniors' housing in Canada, with over 200 locations across Quebec, Ontario, Alberta, and British Columbia.[1] Chartwell offers independent living (IL), independent supportive living (ISL), assisted living (AL), memory care (MC), and long-term care (LTC) facilities across Canada.[2]
In 2017, Chartwell's revenues were CAD $796.34 million, with a net income of CAD $13.08 million.[3] As of June 25, 2018, the market capitalization of Chartwell was CAD $3.23 billion, and it had more than CAD $3 billion in assets.[4] In 2018, the value of the enterprise was approximately CAD $5 billion.[5]
Chartwell established a Diversity and Inclusion Leadership Council in December of 2020. 12 individuals, with various backgrounds and roles within the company, sit on the council. Jonathan Boulakia, Chartwell’s Chief Investment Officer and Chief Legal Officer, is the Executive Sponsor and Chair of the council. The goal of the council is to formalize the company’s commitment to diversity and inclusion in the workplace.[6]
History
Chartwell was founded in 2003 through the merger 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.[7] Chartwell head office is based in Mississauga, Ontario, as well as two corporate offices in Montreal, Quebec and Vancouver, British Columbia. 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.[8]
Leadership team
Chartwell's senior executive committee is made up of four individuals.[9] 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.[10]
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. Since Wish of a Lifetime Canada’s launch it granted over 130 wishes to seniors across the country. Chartwell contributed over $1,000,000 to the fulfillment of those wishes. 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.[11]
In 2010, Chartwell created and published a book entitled “HONOUR” to commemorate Canada’s Second World War veterans. The book was available for purchase and all proceeds from the sale of the book were donated to Canadian organizations committed to the remembrance of Canadian veterans. The book can still be downloaded online on Chartwell’s official website. In 2020, ten years after publishing the book, Chartwell donated $25,000 to the Legion National Foundation. [12]
COVID-19 response
During the COVID-19 pandemic of 2020–2021, Chartwell had disproportionately high COVID-19 resident deaths compared to not-for-profit or municipal retirement residences in Ontario.[13] 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.[14] The announcement that former Ontario Premier and current Chartwell Board Member Mike Harris would be receiving the Order of Ontario consequently sparked controversy.[13]
References
- ^ "Company Profile". Chartwell Retirement Residences. Retrieved 2020-11-02.
- ^ Q1 2018 MD&A | = http://investors.chartwell.com/QuarterlyResults.aspx?iid=4100072
- ^ FINANCIALS | = https://web.tmxmoney.com/quote.php?qm_symbol=csh.un
- ^ QUOTE | = https://web.tmxmoney.com/quote.php?qm_symbol=csh.un
- ^ FINANCIAL STATEMENTS | = http://investors.chartwell.com/QuarterlyResults.aspx?iid=4100072
- ^ {{cite web |url=https://chartwell.com/en/about-us/environmental-social-governance/esg-updates |title=Environmental Social Governance Updates |work=Chartwell Retirement Residences|accessdate=2020-12-01}
- ^ "Chartwell Retirement Residences". Ontario Securities Commission. Retrieved 2020-11-02.
- ^ "Management's Discussion and Analysis" (PDF). Chartwell Retirement Residences. Retrieved 2020-11-05.
- ^ "Chartwell's Leadership Team". Chartwell Retirement Residences. Retrieved 2020-11-02.
- ^ "ORCA Leadership Series - Brent Binions - ORCA - Ontario Retirement Communities Association". ORCA. Retrieved 2020-11-02.
- ^ "Wish of a Lifetime: Charity offers life-changing experiences for seniors". CTVNews. Retrieved 2018-03-08.
- ^ "Chartwell Retirement Residences Helps Makes The Lives of Canadian Veterans Better By Supporting the Legion National Foundation". Newswire. Retrieved 2020-11-09.
- ^ a b "Appointment of Mike Harris to Order of Ontario sparks anger". Welland Tribune. Retrieved 2020-01-03.
- ^ "Big for-profit long-term-care companies paid out more than $170 million to investors through Ontario's deadly first wave". Toronto Star. Retrieved 2020-01-03.