AS Südamekodud Acquires Paide Pansionaat

Estonia’s largest elderly care group, Südamekodud AS, has acquired the property and operating rights of OÜ Häckelt Paide Pansionaat. As part of the transaction, AS Südamekodud took over all Paide Pansionaat client and employment contracts. Going forward, the 125-bed facility will become Paide Südamekodu, offering a more personalised and broader range of services. The Südamekodud group now operates 11 care homes across Estonia. The transaction price will not be disclosed by mutual agreement of the parties.
According to Südamekodud Supervisory Board Chairman Martin Kukk, the group’s broader goal — alongside developing new and existing living environments — is to drive a qualitative leap in care services. “Paide Pansionaat is a well-functioning home, and its central Estonian location offers an opportunity to serve elderly residents from all over the country. The care home team is highly professional and competent. As care reform harmonises service standards, we plan to create up to 15 new jobs at Paide Südamekodu in the near future. It is important that residents receive more personal attention and access to a broader, modern range of services,” explained Kukk, adding that improving and equalising care quality is vital beyond the capital region as well.
Previously used as a school, the building was reconstructed into a care institution by the former owner in 2013. In 2019, an extension was added, allowing the home to accommodate 125 residents. Paide Pansionaat provides both short- and long-term care services with full nursing and medical supervision.
In addition to acquiring the Paide care home, Südamekodud is actively expanding other homes within the group — by the end of this year, an extension will be completed at Lihula Südamekodu, and in July 2024, the first stage of the brand-new Tartu Südamekodu will open in the Raadi district. By the end of 2024, the final building wing in Valkla is also expected to be renovated.
Südamekodud is Estonia’s largest provider of elderly care services. With the addition of Paide Pansionaat, the group now includes 11 care homes across the country, housing over 800 residents and employing more than 400 specialists. The goal of Südamekodud is to create modern, safe, and comfortable living environments for a dignified old age. The group also operates care homes in Käru, Piigaste, Lihula, Värska, Saaremaa, Kunda, Kohtla-Järve, Valkla, and Tallinn (Merivälja and Pirita).