Amica Mature Lifestyles Inc. (Amica) is engaged in the design, development, marketing and management of luxury housing and services for mature lifestyles. The Company manages 25 seniors residences (including three under development and a further three in pre-development) across Canada. Amica operates in two segments: management operations, and ownership – more... and corporate operations. Under its management operations segment, it supervises all aspects of operations of the seniors residences on behalf of third-party owners and those properties owned by the Company, including marketing, accounting, purchasing, budgeting, design and implementation of resident programs. Under its ownership and corporate operations segment, it reports the results of its seven seniors residences which it wholly owns, the results of the four seniors residences, in which it has a 50% to 62.5% interest, and the equity results of the seniors residences, in which it owns greater than a 20% interest.
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