Helvita operates several modern residential homes for the elderly across Germany. The market for elderly homes is in spite of some larger groups extremely fragmented in Germany. Single homes are owned by state, local community and non-profit as well as private institutions. Helvita continues to seek major opportunities to add single and smaller groups of elderly homes to its portfolio providing additional scale efficiencies in administration and service areas. Helvita has been majority-owned by SSVP II since 2011. In October 2015 SSVP II sold Helvita to “PHÖNIX Seniorenzentren” which is a part of the KORIAN Group.