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Exclusive: Irish billionaire trio does U-turn on £2.5bn Barchester sale as Covid-19 highlights need for care homes

Group has £600m of pipeline under development
There are a potential 6,500 care homes at risk of closure in the UK over the next five years. Picture: GettyImages
There are a potential 6,500 care homes at risk of closure in the UK over the next five years. Picture: GettyImages
CoStar News
July 17, 2020 | 1:37 P.M.

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Irish billionaires Dermot Desmond, JP McManus and John Magnier have reversed plans to sell the Barchester Group after the Covid-19 pandemic highlighted the need for private care homes, CoStar News can reveal.

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News | Exclusive: Irish billionaire trio does U-turn on £2.5bn Barchester sale as Covid-19 highlights need for care homes