Dr Ed Walsh, former president of the University of Limerick (UL) said foreign business people have many key requirements when considering locating abroad.
While tax issues and transport are crucial, Dr Walsh said a world class healthcare was also crucial.
Dr Walsh chairs a group which plans to complete development of a €100 million hospital and clinic in the grounds of Adare Manor next year.
Builders Michael McNamara & Company will move on site next month to commence work on the Adare hospital facility.
There are two other private hospitals planned for Limerick.
Construction work on the Limerick Private Hospital is in progress at Ballykeefe Road and this is being financed by Limerick businessman, Shay Sweeney of Blackberry Park Properties.
Beacon Medical Group, two weeks ago, applied for planning permission to build a private co-location clinic in the grounds of the Mid-Western Regional Hospital.
Tom Kane, owner of Adare Manor, has put together an international group of experts to oversee the development of the Adare hospital and clinic.
The facility will employ 380 staff, and will include 100 inpatient private suite beds. A further 24 out-patient beds are provided for in the plan.
Other features will include six operating theatres, two cardiac catechisation theatres, MRI scanner, CT scanner, two radiology suites, two ultrasound suites and one mammography suite.
Dr Walsh said a major achievement was getting a leader in world health provision, Ramsay Health Care to run the new hospital at Adare.
The Australia-based manages more than 100 hospitals worldwide.
Dr Walsh said: “We could not have picked a better group internationally and it will be their first time coming to Ireland.”
Mr Kane proposes to have significant medical research carried out in co-operation with the new graduate entry school of medicine at UL.