Irish business tycoons eye €2.8bn sale of British care homes giant

Barchester Healthcare, one of Britain's biggest care home groups, is to be put up for sale in a deal that could net its owners north of £2.5bn (€2.82bn).

The Press Association understands the group's owners - the Irish business tycoons Dermot Desmond, JP McManus and John Magnier - have mandated investment bank JP Morgan to assess their options, the most likely of which is a sale.