Irish tycoons JP McManus, left, Dermot Desmond and John Magnier first invested in Barchester in 1994 and now stand to receive the bulk of a near €6bn deal with US group Welltower.
US healthcare property group Welltower has confirmed that it is acquiring the portfolio of the Barchester Healthcare nursing home group mainly owned by Irish billionaires JP McManus, Dermot Desmond and John Magnier for £5.2 billion (€5.96 billion).
As part of the transaction, Welltower has formed an exclusive long-term partnership with Ba
Continue Reading on The Irish Times
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.