Respect acquires Costa House in Lara, Victoria

Costa House, Lara, Victoria

Not-for-profit aged care provider, Respect, has announced the welcoming of Costa House in Lara, Victoria, to its expanding network of aged care homes. Respect will take ownership of this 120-bed facility in January 2024, following an announcement by current owners genU to transfer the home.

genU, focusing on its core businesses of disability, community aged care, training, and employment services, sees Costa House’s future as better served within a specialised aged care organisation.

The transfer is aimed at benefitting Costa House residents, their families, and the wider Lara community by ensuring access to a dedicated aged care provider with expertise in the sector.

Jason Binder, Managing Director and CEO of Respect, said the move would secure Costa House’s long-term future and ensure the home’s service and support for local families across the region continues.

“Respect looks forward to welcoming residents, families, and staff into a national organisation that has a strong reputation for compassion and significant experience in delivering quality care to older people,” Mr Binder said.

Current residents will enjoy the security of ongoing tenure and the continuity of care and support from familiar caregivers, as the current staff will transition to Respect. The transfer will maintain the Costa House name, preserving its history and legacy. Respect will collaborate with genU to facilitate a smooth transition, ensuring support and information for residents, families, and staff.

Costa House becomes Respect’s 22nd aged care home, after a string of acquisitions across Tasmania, NSW and Victoria. Inside Ageing recently spoke with Jason Binder about these acquisitions and their track record for turning businesses around. Read it here.


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