Profits climb at Barchester Healthcare owned by trio of Irish billionaires

Barchester is the UK’s second-largest nursing home operator and provides 14,072 beds across 215 sites

Dermot Desmond: Co-owner of Barchester Healthcare

Profits at Barchester Healthcare, the UK nursing home group owned by Irish billionaires JP McManus, John Magnier, and Dermot Desmond, increased sevenfold last year.  

New accounts filed by Barchester Healthcare Ltd show that annual pre-tax profits climbed to over £31.8m (€36.67m) as revenues rose almost 13.5% to £766.76m.