The company's purpose is to create, establish and subsequently manage housing facilities for the elderly, specifically senior residences, nursing homes and care homes; providing services for the elderly and health care. The company may also enter into any business and conclude contracts that are suitable to promote the purpose of the company or are related thereto. It may establish branches in Switzerland and abroad and may also participate in or acquire other companies that pursue the same or similar purposes. The company may acquire and sell real estate.