Pacific Communities News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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Over the next two years, Columbia Pacific Communities and KITES Senior Care plan to add approximately 2,000 retirement and assisted living units.

The merged entity will operate under the leadership of Rajagopal G, co-founder of Kites, who will serve as CEO and a director.

Columbia Pacific Communites is set to merge with Kites Senior Care, forming one of India's largest senior living firms. The merger is expected to benefit Columbia Pacific Communities, which has a net worth of over Rs 25 crore. The merger is expected to boost the company's bed capacity to over 1,000 within the next six quarters. Kites Senior Care, a leading provider of out-of-hospital geriatric care services, secured an investment of Rs 45 crore from Ranjan Pai's MEMG Family Office Fund in March 2024.