Counsel Corporation's long-term care business includes the assets and operations of seven nursing homes in Ontario. The long-term care facilities consist of approximately 1100 beds, and provide the following services: restorative and palliative care, rehabilitation services, occupational therapy, physiotherapy, and incontinence management.

These facilities are licensed and accountable to the Ontario Ministry of Health. Counsel continues to consider opportunities to optimize this business.

In August 2007, Counsel agreed to sell Diversicare for $67 million. Diversicare facilities has a net book value of approximately $13 million; consequently, the sale is expected to yield a gain of over $50 million. The sale is expected to close in the first half of 2008.

For more information contact Stephen Weintraub, Executive Vice President, Secretary and CFO, at (416) 866-3058 or sweintraub@counselcorp.com