Carechoice currently operates six nursing homes across Ireland (in Dublin, Cork and Waterford), providing over 500 high quality of care beds for the elderly. With the growing need for long-term residential care in Ireland, Carechoice plans to expand significantly its capacity over the coming years, notably through the development of new nursing homes in the Dublin area, the extension of its existing homes as well as the potential acquisition of other high-quality nursing homes.
Vincent Levita, Founder and Chief Executive Officer of InfraVia said: “We believe Carechoice is an excellent platform to create a leading private provider of long term elderly care in Ireland. With its solid reputation for quality of care, Carechoice is very well positioned to address the significant need for additional nursing bed capacity. We look forward to working with Carechoice as a long-term partner and establishing Carechoice as a leading player in the nursing home market”.
Commenting on the transaction the Chief Executive of Carechoice, Paul Kingston, said: “This is a great development for Carechoice and the residents we are privileged to care for. Having InfraVia as the new owner will allow us to significantly expand the business to meet the needs of high-quality of care for Ireland ageing population.”
Mandy O’ Sullivan and James O’ Regan of our Corporate Finance team advised InfraVia on this acquisition.
About InfraVia Capital Partners
InfraVia Capital Partners is an investment manager with €1.7bn of assets under management in Europe across a range of infrastructure sectors including transportation, energy, utilities, social infrastructure as well as communications.