Silver Chain Group expands into Victoria through Apto Group acquisition
Leading in-home health and aged care provider Silver Chain Group (Silver Chain) has announced it is expanding into Victoria through the acquisition of Apto Group, a well-established business that provides care for around 800 people in their homes.
The acquisition is a key step in Silver Chain’s strategy to continue to expand its services outside of Western Australia and South Australia and is recognised as a leader of in-home health and aged care.
Silver Chain’s Chief Executive, Adjunct Professor Dale Fisher believes combining the skills and experiences of both organisations will create a unique value proposition for Victorians who want to remain at home to receive care as they get older.
“Older Australians have earned the right to receive care wherever they choose, and research shows that many Australians want to live and age with dignity in their own homes. Together, Silver Chain and Apto Group will give more people greater choice of care offerings in their own community,” Dale Fisher explained.
“This acquisition is consistent with Silver Chain’s strategy to offer the Australian market a unique value proposition to provide higher-end quality health and aged in-home care.”
Apto Group owner Lyn Soltani is confident Silver Chain will protect its legacy and strengthen its services to community members.
“For Apto Group, it was time to move to the next phase of our growth. We are best able to do that by being part of a bigger organisation that can provide opportunities that Apto Group was not in a position to deliver previously,” said Ms Soltani.
“Silver Chain will be a safe and secure pair of hands for our valued clients and dedicated team. Our shared values and commitment to high-quality care in the home were key to entrusting Silver Chain to sustain the Apto Group’s legacy.”
The two organisations have agreed the terms of the sale of the Apto Group and are in the final stages of the Commonwealth Government approval process, with final approval expected later this year.
Silver Chain and Apto Group said the transaction would not impact client or employees, with both organisations committed to retaining staff and maintaining service arrangements to minimise any impact on clients.
Regina Titelius | Government & Corporate Affairs Specialist
T 0428 312 941| E Regina.Titelius@silverchain.org.au