Healthcare investor Welltower's €5.9bn acquisition of the nursing homes portfolio, largely owned by JP McManus, Dermot Desmond, and John Magnier, marks the latest splurge by an American fund in the market.
Led by Mick O'Driscoll, Ethos Care is a new nursing home group that hopes to manage over 1,000 beds in Ireland. It is in talks to buy a 12-strong nursing home group.
Deloitte receivers say they have a buyer lined up for the Waterford nursing home but first need to vacate a lis pendens lodged on the property by its owner, a unit of the winding-down BlackBee investment group.
The start-up, led by Adam Keane, recently signed a partnership in the UK where it could reach up to 6,000 care services all while it is hiring in France.
With offices shut and nursing homes locked down, Blackbee directed clients into the credit of offices and nursing homes. An update to clients shows how the investments are performing.
Investors led by France’s sovereign wealth fund are taking control of the debt-ridden French care multinational. Their input into an ongoing restructuring plan remains to be seen, as does its impact on Orpea’s 1,500 Irish residents.
Following a scandal in its French home market, Orpea is battling creditors with deadlines falling in the coming months. New company information reveals how its Irish arm is facing the crisis.
Irregularities uncovered in France have shaken Orpea, the multinational group now dominating Ireland's nursing home industry. This investigation draws from inside sources and dozens of inspection reports to assess what the scandal means for its hundreds of residents and its expansion plans here.
Private equity houses and international operators have been acquiring Irish nursing homes at breakneck pace. But who are the main players, how much money are they making and how many beds do they have? An investigation by The Currency reveals the answers.
Adam Keane launched his business Altra last year to improve communication between nursing home staff and the residents' families. Now, he decided to create a new tool that would help family members connect with their relatives in nursing homes during the pandemic.
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