On 1 February 2023, Resthaven acquired twelve retirement villages (123 units) from ACH Group. The acquisition increased Resthaven’s retirement living portfolio by 40%, supporting the strategic objective of planned and considered growth and expansion of retirement living. It increased the service options for older people, while diversifying Resthaven’s income streams.
Resthaven CEO Darren Birbeck said of the acquisition:
‘Retirement living is now a more significant part of the service that Resthaven delivers across the continuum of aged care. The acquisition has also funded roles that will support a more sustainable retirement living function and provided assets to allow Resthaven to expand its affordable rental program for older people at risk of homelessness.’
The new locations complemented Resthaven’s service areas, featuring small villages (less than 20 units each) in Aberfoyle Park, Blackwood, Brighton, Elizabeth North, Kingswood, Lower Mitcham, Salisbury, Walkerville, and Wynn Vale.
Information sessions and an official ‘handover’ was held in the Campbelltown Library on 1 February 2023, for Resthaven staff to meet and chat with residents and answer any questions they might have had.
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