This latest acquisition increases IMMAC's investment portfolio in Ireland to 8 nursing homes.
Healthcare investor IMMAC Group announces the acquisition of Bethany House Nursing Home in Tyrrellspass, Westmeath.
The IMMAC Group is a leading Healthcare investment company in Ireland, Austria, and Germany, with investments totalling €1.8 bn.
Bethany House is a 90 bed, newly extended, private nursing home with a strong reputation for providing high quality care in a homely setting designed to promote health and well-being for its residents.
This latest acquisition increases IMMAC's investment portfolio in Ireland to 8 nursing homes / 498 residential beds in Dublin, Meath, Westmeath, Kildare, and Carlow.
Noel Boyle, Managing Director of IMMAC commented: "This latest acquisition further underlines IMMAC's long term committment to growing our Irish healthcare portfolio and further strengthens our position in the Irish market. Our portfolio in Ireland will now increase to 8 care homes with 498 long term residential beds. Our facilities are operated by our Irish nursing home care operator, Beechfield Care Group."
Sarah McMickan, CEO of Beechfield Care Group commented: "Beechfield is one of the leading nursing home care providers in the country with a strong track record in the provision of high quality residential eldery care. We are very pleased indeed to wellcome the addition of Bethany House to our leading group of nursing homes - it will be an excellent fit and will consolidate our standing in the sector as a respected and established provider of residential elderly care in Ireland. As a result of the latest addition, we will now offer a total of 498 beds and increase our staff employed to 545".
Advisors to IMMAC on this transaction were McCann Fitzgerald led by Garreth O'Brien and JPA Brenson Lawlor led by Jason Bradshaw.
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