Irish nursing home groups rack up losses after wave of overseas takeovers
Four of the five largest providers in the State are foreign owned
Source: irishtimes.com
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Irish nursing homes are 'at a critical juncture. Something needs to be done' – The Irish Times
Investment firms have been caught out by rising costs and higher interest rates
Source: irishtimes.com
Private nursing homes still get millions from the taxpayer in Covid supports
Private nursing home groups run by international investment funds are continuing to receive millions of euro of taxpayer funding for Covid outbreaks.
Source: independent.ie
Belgian group buys Cork care home in €25m deal
Aedifica, a Brussels-listed healthcare real estate investment company, has acquired the Bridhaven care home in Mallow, Co Cork, for €25m, marking its first investment in Ireland. The company, which has a market valuation of around €3bn, announced the acquisition of the 184-resident care home last week. Aedifica has developed a portfolio of more than 490 sites in Belgium, Germany, the Netherlands, the UK, Finland, Sweden and Ireland. Stefaan Gielens, the company's chief executive, said Ireland provides an attractive investment opportunity for the company due to its fragmented market and ...
Source: independent.ie