Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Savaria Corporation is a Canadian-based manufacturer and global provider of accessibility solutions, operating primarily in the mobility and accessibility equipment industry. The company designs, manufactures, and distributes products that assist people with physical disabilities or mobility limitations, as well as equipment that supports patient handling and safe movement in healthcare and residential settings. Its offerings serve residential, commercial, institutional, and healthcare customers, including individuals, healthcare providers, building owners, and distributors.
Founded in 1979, Savaria began as a manufacturer of wheelchair lifts and gradually expanded through organic growth and acquisitions into a diversified accessibility solutions provider. The company’s evolution has been marked by a focus on vertical integration, global distribution, and expanding its product portfolio to cover the full continuum of mobility—from home access to institutional patient care. Savaria is publicly traded on the Toronto Stock Exchange under the symbol SIS.TO and is recognized for its long-standing specialization in accessibility-focused engineering.
Business Operations
Savaria generates revenue through the design, manufacturing, and sale of accessibility and patient care products, structured across several core business segments. Its principal operations include Accessibility, Patient Care, and Adapted Vehicles, encompassing products such as wheelchair lifts, stairlifts, elevators, patient lifts, ceiling track systems, and wheelchair securement solutions. These products are sold through a combination of direct sales, dealer networks, and distribution partners, with recurring revenue supported by parts, service, and installation.
The company operates manufacturing facilities and distribution centers in North America and Europe, supported by a network of subsidiaries. Key operating subsidiaries include Savaria Concord Lifts, Span-America Medical Systems, Handicare Group, and BraunAbility Europe (operating under Savaria ownership). Savaria also maintains long-term relationships with healthcare providers, government agencies, and commercial building developers, particularly in regulated accessibility markets.
Strategic Position & Investments
Savaria’s strategic direction emphasizes global expansion, product line diversification, and leadership in regulated accessibility markets. Growth initiatives have historically focused on acquisitions that broaden geographic reach or add complementary technologies, particularly in patient handling and home accessibility. Major acquisitions have included Handicare Group, significantly expanding Savaria’s European footprint, and Span-America Medical Systems, strengthening its position in the North American patient care market.
The company continues to invest in product innovation, particularly in ergonomic design, safety systems, and compliance with evolving accessibility standards. Savaria is also active in emerging areas such as integrated ceiling lift systems, advanced vehicle adaptation solutions, and modular accessibility platforms designed for aging populations. These investments align with long-term demographic trends, including aging populations in developed markets and increased regulatory emphasis on accessibility.
Geographic Footprint
Savaria is headquartered in Canada, with its corporate office located in Québec. The company maintains a significant operational presence across North America, including manufacturing and distribution facilities in both Canada and the United States, which together represent its largest revenue base.
Internationally, Savaria has established a strong footprint in Europe, particularly in Western and Northern Europe, following strategic acquisitions and organic expansion. Its products are sold in multiple countries across Europe, Asia-Pacific, and select markets in Latin America, primarily through subsidiaries and authorized distributors. This global reach allows Savaria to participate in diverse regulatory environments and healthcare systems while reducing reliance on any single market.
Leadership & Governance
Savaria was founded by Marcel Bourassa, whose entrepreneurial vision established the company’s long-term focus on accessibility innovation. The current leadership team emphasizes disciplined growth, operational efficiency, and sustained investment in product quality and regulatory compliance. Governance practices reflect the requirements of a publicly listed Canadian issuer, with oversight provided by an independent board of directors.
Key members of the executive leadership team include:
- Sébastien Bourgeois – President and Chief Executive Officer
- André Bouchard – Chief Financial Officer
- Marcel Bourassa – Executive Chairman of the Board
- Pierre Bourassa – Vice President, Research and Development
- Daniel Pelletier – Vice President, Operations
Collectively, the leadership team promotes a strategy centered on long-term value creation, global accessibility leadership, and maintaining Savaria’s reputation for engineering reliability and customer-focused solutions.