“IMMAC is pleased to announce the acquisition of St. Gabriels Elderly Care Facility, a 66-bed nursing home located in Raheny, Dublin. St Gabriels will be operated by the Beechfield Care Group.”
IMMAC is one of Europe’s leading investors in the healthcare sector, with €1.65 bn under investment, in 154 nursing homes and 12,500 beds accross Germany, Austria, and Ireland.
IMMAC Capital Ireland is headed up by experienced Irish Nursing Home CEO, Noel Boyle.
Speaking about the acquisition, Noel Boyle said “The addition of St. Gabriels will increase our Irish nursing home portfolio to 265 beds accross four facilities, all of which are based in the Dublin area.
It is a further significant step in the execution of our strategy to build a group of scale in the Irish nursing home market sector.
We have developed a healthy pipeline of opportunities across the sector and we anticipate further positive announcements will follow in due course.
St Gabriels will become part of IMMAC’s Irish nursing home care operator, Beechfield Care Group.“
CEO of Beechfield Care Group, Sarah Mc Mickan, described today’s announcement as a very positive development for the Group “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 be announcing the addition of St. Gabriels 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 today’s announcement, we will now offer a total of 265 residential beds and increase our staff employed to 300“.
IMMAC entered the Irish nursing home sector with the acquisition of the Beechfield Care Group, incorporating Beechfield Manor Nursing Home in Shankill, Glengara Park Nursing Home in Glenageary and Mount Hybla Nursing Home in Castleknock and now St. Gabriels in Raheny.
McCann Fitzgerald and JPA Brenson Lawlor advised Immac on the transaction.
IMMAC Capital (Ireland) Ltd.
Mount Hybla House, Farmleigh Estate
Phone: +353 1 685 4105