BaptistCare has announced it will acquire Keyton’s Western Australian retirement village portfolio, in a major expansion that strengthens its national footprint and deepens its presence in the state.
The agreement covers the ownership and operation of 10 retirement villages — eight in metropolitan Perth and two in Mandurah and Bunbury south of Perth — comprising 1,639 homes (1,568 independent living units and 71 independent living apartments).
BaptistCare will assume full operation of the sites in the coming months, working closely with staff to ensure a smooth transition for more than 2,080 residents. The organisation has also offered ongoing employment to over 50 existing Keyton WA employees.
Keyton CEO Nathan Cockerill said the decision to divest the WA portfolio was “not an easy one but the right one.”
“I am immensely proud of our WA staff and their commitment to residents. They are the reason our villages are in such good shape, and they will be the reason the villages continue to thrive with BaptistCare,” he said.
Mr Cockerill said the sale would allow Keyton to focus on its growth strategy along the eastern seaboard — in Sydney, Melbourne, Brisbane, the Gold Coast and the ACT — while ensuring its WA villages remain in trusted hands.
BaptistCare CEO Charles Moore said the organisation was delighted to welcome new residents and employees into the BaptistCare family.
“We are thrilled to expand BaptistCare’s presence in Western Australia. This portfolio complements our existing 10 villages, 12 aged care homes and three Home Care hubs in the state,” Mr Moore said.
The acquisition will grow BaptistCare’s national retirement living portfolio from 35 to 45 villages, expanding its independent living units from 2,100 to 3,739 and increasing the number of residents supported nationally from 2,700 to more than 4,700.
