Peter Arvanitis
Peter Arvanitis is an Australian businessman. He is the founder of Estia Health, and as of August 2020 is a director at Heritage Care Pty Ltd.[1][2]
Career[edit]
Peter is the founder of the Estia Health, an Australian aged care giant. In 2016, Peter sold his shareholding in Estia for $55M.[1]
In 2018 he sold his ownership stakes in a shopping center, and a thoroughbred horse breeding farm, gaining $21M from the sales.[1]
In January 2019 Peter gained a half ownership stake in Heritage Care Pty Ltd, alongside a business partner Tony Antonopoulos.[1]
Personal life[edit]
Peter is married to Areti Arvanitis.[1] In May 2020 the couple sold their Toorak mansion for an undisclosed sum.[1] The house had been valued at ~$13M.[1] The house under their ownership had previously been described by Vogue Living as boasting 'Gucci in almost every room', with parts described as 'gluttonous trappings of wealth within a classical framework'.[1]
Controversy[edit]
Lifestyle and nursing home neglect[edit]
Nursing homes owned by Arvanatis have been accused of being run with abusive & incompetent staff, have failed quality assessment audits. During the COVID-19 pandemic in Victoria, his Epping Garden facility had its control seized by the State and Federal Government.[3][4]
Reports of mismanagement at Heritage Care were put in juxtaposition with the lifestyle of Avanatis and his wife by the Sydney Morning Herald.[2] The paper printed photos of Arvanitis and his wife at a Melbourne Rolls Royce luxury showroom, and a photo of his wife driving a Ferrari to the gym, and posing atop a Maserati.[1][2] The CEO of Heritage Care, Greg Reeve defended Peter's management of the company saying '(Peter has) injected significant capital into Heritage Care in recent years to refurbish the homes, and significantly improve standards'.[2]
Heritage care has been accused by the Health Services Union of outsourcing its cleaning and catering services while cutting hours at facilities. According to the union, hours at the Heritage Botany kitchen in NSW were cut by 20 percent in 2020.[2] The national president of the union Gerard Hayes said of the cuts;
'there was no engagement in that process at all for the workers, some of whom had worked for the organisation and its predecessors for 20 years. When our members are earning $22 an hour its pretty galling to see the owners driving around in Masteratis'[2]
See also[edit]
References[edit]
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 Bachelard, Michael (2020-08-01). "A troubled past in the multimillion-dollar nursing home empire of Epping Gardens". The Sydney Morning Herald. Retrieved 2020-08-04.
- ↑ 2.0 2.1 2.2 2.3 2.4 2.5 Bachelard, Michael (2020-08-04). "Golden age over for Maserati-driving aged care moguls, says nursing home CEO". The Sydney Morning Herald. Retrieved 2020-08-04.
- ↑ Visontay, Elias; Butler, Ben; Henriques-Gomes, Luke (2020-07-30). "'Chaos' at Victoria's Epping Gardens: how privatised aged care has failed during the coronavirus pandemic". The Guardian. ISSN 0261-3077. Retrieved 2020-08-04.
- ↑ "Serious mismanagement claims at coronavirus-riddled aged care facility". www.9news.com.au. Retrieved 2020-08-04.
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