Barchester's Irish owners see profits surge at UK nursing home group

Barchester is the UK’s second largest nursing home operator and provides 14,849 registered beds

The group is co-owned by three of Ireland's best-known and most successful businessmen, (left to right) John Magnier, Dermot Desmond, and JP McManus. File picture: Matt Browne/Sportsfile

Pre-tax profits at the UK nursing home group owned by three of Ireland’s best-known businessmen last year increased by 44% to £54.8m (€63.18m).

New consolidated accounts filed by Barchester Healthcare Ltd show that the business recorded a sharp rise in pre-tax profits as revenues increased by £95.8m or 11% from £871.04m to £966.8m.