Peter Arvanitis has resigned as Heritage Care director due to an increasing focus on he and his wife Areti’s wealth while the aged care industry claimed it was going bankrupt, The Daily Telegraph reports.
Speaking to News Corp Australia, Heritage Care CEO Greg Reeve said Arvanitis decided to resign last week as a Director of Heritage Care, not wanting to “be a distraction to the good work of staff”.
“Some have been critical of Peter’s private wealth which was acquired before his time at Heritage Care, including the public offering of Estia Health which generated over $1 billion in 2014,” Reeve said.
“It’s not possible for any aged care operator to generate that degree of wealth from resident fees, and it’s inaccurate to imply otherwise.
“These past business achievements have nothing to do with Heritage Care, although we have benefited from Peter’s partial ownership since late 2018.”
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According to the Heritage Care CEO, Arvanitis will maintain his partial ownership in the business.
Heritage Care operates 10 homes in NSW and Victoria, including the Epping Gardens aged-care facility which became subject to investigation after being the source of over 300 infections and multiple deaths
A man who lost his 92-year-old at Epping Gardens will be the lead plaintiff in a class action being brought by Carbone Lawyers, which is representing about 30 families with relatives who have either died at the home or who were living there until recently.
Greek Heritage Care owners Tony Antonopoulos and Peter Arvanitis are facing massive backlash due to their failure to handle the incident.