Brosnan won’t float Barchester yet

SOURCES close to Denis Brosnan, former boss of the Kerry Group, have dismissed reports that he will float the British nursing home group, Barchester Healthcare.

Neither Mr Brosnan or Barchester’s chief executive, Mike Parsons, was available for comment.

Last year the British based chain announced a strong increase in profits, up 39% to stg£3.9m, while turnover was up 38% at stg£38m for the year ending December 2002.