UK firm acquires care home group

One of the country’s leading nursing home groups, CareChoice, has been acquired by a leading UK investment firm in a multi-million euro deal. Emerald Investment Partners Ltd closed the €33m deal for the Cork-headquartered firm on Wednesday, market sources said.

CareChoice operates five care homes in Munster, making it one of the country’s largest such groups.

One of its founders, Paul Kingston, is to remain as executive director and will continue to lead CareChoice’s senior management team.