Financial assistance for seniors' residences: Selection Group applauds the decision made by the Quebec government

LAVAL, QC, March 30, 2020 /CNW Telbec/ - Selection Group welcomes the decision made by the Quebec government to allocate $40 million to support the actions of retirement complexes during the COVID-19 crisis, detailed this morning by the Minister responsible for Seniors and Informal Caregivers, Marguerite Blais, and announced yesterday afternoon by Quebec's Prime Minister, François Legault.

The COVID-19 crisis requires significant expenditures for companies that manage retirement complexes, including overtime for staff, orders for specialized equipment, increased frequency of cleaning and disinfection, and the addition of security, during this exceptional period.

Rightly so, the government strongly reminds us of the importance of protecting seniors from COVID-19. This government assistance is welcome to pursue this mission. Complex managers care about the health of seniors and are fully aware of their vulnerability in regard to COVID-19. In keeping with the protective measures we currently have in place, our residences are the safest place for seniors.

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"We welcome the decision made by the Quebec government to support retirement complexes and housing facilities at this critical time. This is a reassuring announcement, that illustrates the government's understanding of our reality. We have a great responsibility to the retirees we house, and we are deploying all the necessary means to make our complexes safe for them. Our employees are currently on a mission. They work tirelessly, at all hours of the day and night, to listen to them and support them in this situation. In keeping with the protective measures we currently have in place, our residences are the safest place for seniors."

- Réal Bouclin, Founding President and Chief Executive Officer, Selection Group

About Selection Group

Selection Group is a Canadian leader in the creation and management of living environments where generations can come together and thrive. Amidst more than 30 years of unprecedented growth, Selection Group has become the largest private retirement complex developer in the country. Selection Group innovates through an avant-garde intergenerational vision and unique vertically integrated structure. These assets are the pillars of its geographic expansion and the diversification of its real estate products which target young people, families and retirees. Selection Group currently has more than 50 residential complexes in operation, under construction and in development in Canada and the United States and the value of its assets exceeds $4 billion. Selection Group, whose head office is in Laval, Quebec, employs more than 5,000 people who work every day for the well-being of some 15,000 customers whose exceptional satisfaction rate reaches 95%.

For more information, please visit www.groupeselection.com.

SOURCE Selection Group