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, both well-regarded not for profit organisations. "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," Darren explains.

"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 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."

"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.

The recent acquisition includes small villages of fewer than 20 units each in the Adelaide suburbs of Aberfoyle Park, Blackwood, Brighton, Elizabeth North, Kingswood, Lower Mitcham, Salisbury, Walkerville and Wynn Vale.

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