CareChoice Buys Rathfarnham Nursing Home — Its Third Acquisition Since Being Bought By Infravia
Nursing home operator CareChoice has announced its third acquisition since being bought by French investment fund Infravia in June 2017 for €60M.
The company said it has agreed to buy The Marlay, a modern, purpose-built 124-bed nursing home in Rathfarnham, Dublin 14 that opened in 2006.
The deal was done off-market and no purchase price has been disclosed, but one industry expert said it is likely to have achieved well over €25M.
The acquisition brings the CareChoice portfolio to nine nursing homes with 833 long-term residential care beds.
“The addition of The Marlay is an excellent fit to our growing portfolio and further demonstrates our focus to provide the highest quality of nursing home care in Ireland,” CareChoice Group Chief Executive Noel Boyle said.