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Exhibit 99.2

Extendicare Logo

NEWS RELEASE
FOR IMMEDIATE RELEASE
April 22, 2004

Extendicares U.S. Subsidiary EHSI Completes Sale of US$125 million of
Senior Subordinated Notes

MARKHAM, ONTARIO (TSX: EXE and EXE.A; NYSE: EXE.A).  Extendicare Inc.
announced today that its wholly owned U.S. subsidiary, Extendicare Health
Services, Inc. (EHSI), has closed its sale of US$125 million aggregate
principal amount of its 6.875% Senior Subordinated Notes due 2014 (the 2014
Notes). The 2014 Notes were issued at a price of 97.5001% of par to yield
7.23%. Maturing on May 1, 2014, the 2014 Notes are unsecured senior
subordinated indebtedness and are guaranteed by all existing and future
significant subsidiaries of EHSI.

The net proceeds from the sale and issuance of the 2014 Notes were
approximately US$117.4 million (net of discount of US$3.1 million and fees and
expenses of US$4.5 million). EHSI will use these net proceeds, together with
borrowings under its amended and restated credit facility and cash on hand, to
purchase for cash any and all of the outstanding US$200 million aggregate
principal amount of 9.35% Senior Subordinated Notes due 2007 (the 2007 Notes)
tendered in the tender offer that EHSI commenced on April 5, 2004, to redeem
any 2007 Notes not tendered in the tender offer and to pay related fees and
expenses of the tender offer and redemption.

The 2014 Notes were sold to qualified institutional buyers in reliance on Rule
144A and outside the United States in compliance with Regulation S under the
Securities Act of 1933, as amended. The 2014 Notes have not been registered
under the Securities Act and may not be offered or sold by holders thereof
without registration unless an exemption from such registration requirements is
available.

In connection with the 2014 Notes offering, EHSI also amended and restated its
existing senior secured revolving credit facility to, among other things,
extend the maturity date by two years to June 28, 2009 and increase the total
borrowing capacity from US$105 million to US$155 million.

Extendicare, through its subsidiaries, operates 267 long-term care facilities
across North America, with capacity for over 27,800 residents. As well, through
its operations in the United States, Extendicare offers medical specialty
services such as subacute care and rehabilitative therapy services, while home
health care services are provided in Canada. The Company employs 35,800 people
in the United States and Canada.

This announcement is not an offer to sell or the solicitation of an offer to
buy any securities, nor shall there be any sale of the securities in any state
where such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state.

Statements contained in this release other than statements of historical fact,
including statements regarding anticipated financial performance, business
strategy and managements plans and objectives for future operations, are
forward-looking statements. These forward-looking statements can be identified
as such because the statements generally include words such as expect,
intend, anticipate, believe, estimate, plan or objective or other
similar expressions. These forward-looking statements are subject to risks and
uncertainties that could cause actual results to differ materially from those
expressed in, or implied by, these statements. In addition to the risks and
uncertainties related to these statements, other risks and uncertainties are
identified in Extendicare Inc.s or Extendicare Health Services, Inc.s filings
with Canadian and United States securities regulators and include, but are not
limited to, the following: changes in the health care industry in general and
the long-term care industry in particular because of political and economic
influences; changes in regulations governing the industry and the Companys
compliance with such regulations; changes in government funding levels for
health care services; resident care litigation, including exposure for punitive
damage claims and increased insurance costs, and other
claims asserted against the Company; the Companys ability to attract and
retain qualified personnel; the availability and terms of capital to fund the
Companys capital expenditures; changes in competition; and demographic
changes. Given these risks and uncertainties, readers are cautioned not to
place undue reliance on the





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Companys forward-looking statements. All
forward-looking statements contained in this report are necessarily estimates
reflecting the best judgement of the party making such statements based upon
current information, and the Company assumes no obligation to update any
forward-looking statement.

For further information, contact:

Christopher Barnes
Manager, Investor Relations
Phone: (905) 470-5483
Fax: (905) 470-4003
Email: cbarnes@extendicare.com

Visit Extendicares Website @ www.extendicare.com

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