Respect adds Costa House to portfolio

Not-for-profit aged care provider Respect is continuing is expansion with the acquisition of Costa House in Victoria underway.

Not-for-profit aged care provider Respect is continuing its expansion with the acquisition of standalone facility Costa House in Victoria underway.

Respect will take over ownership of the 120-bed home in Lara 16km north-east of Geelong on 8 January following a strategic decision by current owners genU to focus on growing its core businesses of disability, community aged care, training and employment services.

In seeking an operator, genU looked for a specialist provider that would bring sector expertise and share a community focus and commitment to high-quality services, said chief executive officer Clare Amies.

“The transfer means Costa House residents and families, as well as the wider Lara community, gain the benefits of an aged care provider who can deliver a greater level of expertise and knowledge of this vitally important sector,” Ms Amies said.

The home will retain its name and current staff will transfer employment to Respect.

Costa House will become the 22nd aged care home to join Respect – a 100-year-old organisation which has sped up its growth trajectory in the last decade. It has homes in Tasmania, Victoria and New South Wales, as well as home care services and over 700 retirement and independent living units.

Jason Binder

The move secures Costa House’s long-term future and ensures the home’s service and support for local families across the region continues, said managing director Jason Binder.

“Being part of a large organisation with a great capacity to invest in systems, staffing and facilities will mean strong aged care services for the community and its surrounding regions,” he said.

Main image: the entry to Costa House – an aged care home in Lara, Victoria

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Tags: acquisition, costa house, respect,

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