Cork nursing home the first purchase by Blackbee fund

The fund is seeking to raise €250m to invest in the acquisition and development of care homes, with the money being targeted from both institutional and professional private investors.

Residential care home operator Aperee has announced its first acquisition with the completion of a transaction to acquire Padre Pio Nursing Home in Mallow, Co Cork, for an undisclosed sum.

Aperee was recently established as the operational arm of the Blackbee Healthcare Fund.