Columbia Pacific Communities (CPC), India s leading senior living community operator, and KITES Senior Care, a pioneer in specialized out of hospital geriatric care, have announcedtheir merger. This merger combines CPC s extensive experience in sen
Columbia Pacific Communities: KITES Senior Care has a major investor, Dr Ranjan Pai who invested about Rs 60 crore through his family office in two earlier funding rounds, and will hold 35% stake in the merged entity.
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.