Care homes group owned by three Irish billionaires sees profits rise in 2019

Barchester Healthcare has now 'almost eradicated the virus from its facilities and occupancy is growing'.

JP McManus. Picture: Seb Daly/Sportsfile

A financial report from a major British care-home chain that is owned by three Irish billionaires has detailed the effects of the Covid-19 fallout on the business. 

New accounts from Barchester Healthcare, which is owned by Dermot Desmond, JP McManus, and John Magnier, show its pre-tax profit last year, before the onset of the pandemic, increased by over 25% to £21.78m (€24.11m) as revenues rose 6% to £657.6m.