Of the 31,700 nursing home beds in the Republic, fewer than 20 per cent are now in public nursing homes. French care homes company, Orpea Group, has been among the most active in the market. Last month, it agreed to buy the FirstCare collection of nursing homes from Mervyn Smith in a deal understood to be worth more than €100 million. The actual properties were acquired by Pierval Sante, a healthcare property investment fund managed by Paris-based Euryale Asset Management. “There is urgent need for discussion as we emerge from Covid-19 with regard to how we deliver to care to people in our nursing homes.”

Source: The Irish Times June 04, 2021 04:42 UTC