Resthaven expands Retirement Living Portfolio
Resthaven CEO, Darren Birbeck, is pleased to announce that Resthaven has acquired a portfolio of retirement living villages from ACH Group, another well-regarded not for profit organisation.
‘The acquisition of the 123 units across twelve sites will increase Resthaven’s retirement living portfolio by 40%, adding to our service options for older people,’ explains Darren.
‘This group of villages complements Resthaven’s service areas and supports our strategic objectives in relation to planned and considered growth and expansion of retirement living’.
‘With opportunities to provide affordable housing options, it further demonstrates our unwavering commitment to older people in South Australia.’
ACH Group CEO Frank Weits (pictured right) explains, ‘ACH Group’s decision to sell the selected retirement living locations is in line with our strategic vision of Connected Communities, which focuses on geographic areas where we can support residents and customers with multiple services.’
‘The decision has been carefully considered to ensure that Resthaven is a good fit for the villages and residents.’
‘Retirement living will remain a key service offering for ACH Group along with home care, health and wellbeing, social, and residential care. We look forward to continuing to support the residents who are living in more than 580 ACH Group retirement living units across metropolitan Adelaide.’
The acquisition includes small villages (less than 20 units each) in the following locations:
- Aberfoyle Park
- Blackwood
- Brighton
- Elizabeth North
- Kingswood
- Lower Mitcham
- Salisbury
- Walkerville
- Wynn Vale.
‘Resthaven senior management will meet with the current residents prior to taking ownership. Settlement is planned to take place on 1 February 2023, and we welcome them to Resthaven,’ Darren adds.
Proudly South Australian and with a history going back to 1935, Resthaven is one of a select few Australian aged care providers to offer the full range of services for older people.
Resthaven supports more than 14,000 older people living in metropolitan Adelaide and regional South Australia through in-home care and support services, allied health and enablement programs, retirement living, respite for carers and residential aged care at twelve locations.