Nursing home profit rise

Pre-tax profits at the country’s largest nursing home group, where two indebted Nama developers transferred ownership of the firm to their wives, increased by 58% in 2011 to €2.5m.

Nursing home profit rise
Fri, 13 Sep, 2013 - 01:00
Gordon Deegan

Accounts filed to the Companies Office by the Limerick-based Mowlam Healthcare Ltd show the nursing home group recorded the profits rise after revenues increased by 15%, from €30.1m to €34.79m.

The group operates 16 nursing homes and employs 1,000.

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