NordenBladet – Südamekodud, the largest provider of elderly care services in Estonia, is expanding its operations into Latvia and Lithuania. The expansion is being carried out in collaboration with EfTEN Capital, a real estate fund manager with whom Südamekodud has already developed a successful partnership in Estonia.

The goal is to invest in the elderly care sector in both Latvia and Lithuania, including the construction of new care homes and the renovation of existing facilities. The initiative also includes the development of service providers to improve the overall quality of care.

Currently, Südamekodud operates 12 care homes across Estonia, offering over 1,200 care places and employing more than 500 people. Additionally, approximately 500 new care places are planned in Estonia. Construction is also underway in Tallinn’s Hiiu district, where the new Nõmme Südamekodu will be built to accommodate 170 elderly residents.

EfTEN Real Estate Fund AS is the first real estate fund in the Baltics to have invested in care home infrastructure for over five years. Today, the fund owns four care home properties in Estonia in partnership with Südamekodud.

Both Südamekodud and EfTEN Capital see strategic potential in their joint expansion — to develop modern and secure care facilities that meet the growing needs of aging populations and support local economies through job creation and infrastructure investment.

Featured image: Südamekodud