The pandemic has caused untold difficulty for the residents, and the operators of, Ireland’s nursing homes. But, as the sector sought to manage with Covid-19, it has also been dealing with another striking issue: dealmaking. Private equity houses and international operators have been acquiring Irish nursing homes at a breakneck pace. Hunting for yield, global finance has decided that the sector in Ireland is fertile ground, and it has been on a land grab. Foreign capital has acquired part, or all, of eight of the largest 15 private operators in the country in recent years. The multiples for the deals…

Read on for just €1

For a limited time, get your first month for €1 and unlock full access to The Currency and The Wall Street Journal – two premium memberships, one subscription.

Subscribe

Cancel at any time.

Are you already a member? .