Resthaven acquires Chiton Retirement Living

Aged care and retirement village operator Resthaven has acquired Chiton Retirement Living.

Aged care and retirement village operator Resthaven has acquired Chiton Retirement Living, a village with 29 modern architectural homes that has won awards for excellence in seniors living, its environmental footprint and its building.

Resthaven is the latest in a renewed rise in acquisitions and it follows the South Australia provider’s takeover of On Statenborough in July 2021. The new addition brings Resthaven’s retirement living portfolio to eight villages, six of which are collocated with residential aged care homes.

The new village is three kilometres from Resthaven’s Port Elliot aged care home and community services office towards Victor Harbor. It includes a lake house with communal dining and lounge areas, gym and consulting rooms.

It is being sold by property, financial and retirement services operate KeyInvest, which has another village in Horsham, Victoria.

Darren Birbeck

Resthaven CEO Darren Birbeck said the acquisition complemented Resthaven’s continued expansion into the Fleurieu region, which includes new community services and offices in Goolwa and Victor Harbor.

“Resthaven senior management will meet with the Chiton residents prior to taking ownership. Settlement is planned to take place on 28 February 2022,” Mr Birbeck said in a statement.

Resthaven offers the full range of aged care services to more than 13,000 older people in Adelaide and regional South Australia through in-home care and support services, allied health and enablement programs, retirement living, respite for carers and 12 residential aged care homes.

Main image: KeyInvest CEO Steve Aspinall and Resthaven CEO Darren Birbeck

Have we missed a merger or acquisition? Send us the details and an image to editorial@australianageingagenda.com.au

Tags: acquisition, Darren Birbeck, keyinvest, resthaven, steve aspinall,

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