Irish-backed care group Barchester Healthcare sees earnings top €170m mark

Earnings at the UK-based healthcare group backed by well-known Irish investors, Dermot Desmond, JP McManus and John Magnier last year topped £154m (€173m).

Newly filed accounts for Barchester Healthcare show that it recorded the earnings before interest, tax, depreciation, amortisation and rent as revenues increased by 2.3% to £535m in the 12 months to the end of December.

At the end of last year, Barchester was ranked among the top four largest companies in the UK long-term care sector, with 13,024 registered beds across a portfolio of 210 high-quality homes and seven independent hospitals.