The privately owned Beacon Hospital has being sold to Macquarie Asset Management in a deal that values the hospital at between €400 million and €500 million. Island Capital, advisors to the majority shareholder of the hospital Denis O’Brien, received an unsolicited bid to buy the business last year. O’Brien was seeking to raise debt finance to build a new €75 million 70-bed expansion of the hospital so a twin-track approach was taken where the hospital considered both the Macquarie bid and raising debt and continuing on with the asset. The Beacon has been trading strongly and is in a sector…

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