Columbia Pacific Communities and KITES senior care announce merger

This strategic merger unites CPC’s extensive experience in senior living with KITES’s medical expertise, creating a seamless continuum of ‘out of hospital’ care and senior living

Columbia Pacific Communities (CPC), and KITES Senior Care, a specialised ‘out of hospital’ geriatric care, have announced their merger. This merger combines CPC’s extensive experience in senior living with KITES’s medical expertise, creating, reportedly, India’s largest and most comprehensive Continuing Care Retirement Community (CCRC).

According to the statement, the merger will leverage KITES’s demonstrated capability to manage care for elders, the Senior Shield technology platform, and CPC’s network of senior living communities to offer a seamless continuum of care. This includes preventive care, emergency care, and post-hospitalisation rehabilitation across multiple cities in India.

The integration also promises to create new jobs and development opportunities for staff, fostering a culture of excellence and compassion in senior care.

 Columbia Pacific aims to add about 2,000 units across India over the next two years, thereby doubling the senior/assisted living units and seniors under individual management and care respectively. This development aligns with the rapid growth trajectory of the Indian senior care market, targeting a USD 30bn combined market size covering senior living and ‘out of hospital’ senior care. The merger is looking at collaborating with reputed developers in creating new capacities both on sale and rental models.

 KITES Senior Care has recently completed its Series A funding round, raising INR 65 Crores, with a substantial investment of INR 45 Crores from Dr Ranjan Pai. This financial infusion is set to fuel KITES’s expansion into six cities across Southern India, aiming to develop over 1,000 beds in more than 15 facilities.

Concurrently, Columbia Pacific Communities, managing over 1750 residential units across 10 locations in Southern India and a member of the Seattle-based Columbia Pacific Group, is advancing its growth strategy. The brand is actively collaborating with top developers such as Embassy in Bengaluru, TVS in Chennai, and Nyati in Pune to roll out over 700 units that are currently in various stages of development.

This development is timed with the senior care market’s rapid growth trajectory, which is expected to reach USD 12 billion by 2030. Furthermore, the ‘out of hospital’ senior care market, where KITES specialises, is already valued at USD 20 billion and growing at an annual rate of over 10 per cent.