It was a pandemic measure, agreed at a time of national crisis. However, for close to two years, the agreement between the state and Ireland’s private hospitals has been the subject of a multi-million-euro battle in the High Court. On one side was the Mater Private, the biggest private healthcare operator in the market. One the other side of the HSE. Now the High Court has finally issued its judgement. It is a case that shines a light on the nature of private equity deals and the huge flows of intercompany funds across multiple jurisdictions. And it also highlights the…

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