A US group has pulled out of a £2.5bn (€2.8bn) bid to buy Barchester Healthcare, a nursing home group majority-owned by Irish magnates JP McManus, Dermot Desmond and John Magnier. Welltower, a New York-quoted real estate investment trust that owns healthcare properties, is understood to have dropped a bid to buy Barchester amid the global spread of the coronavirus. Neither Barchester nor Welltower responded to requests for comment last week. Barchester runs more than 200 care homes and seven registered hospitals in the UK, with more than 12,000 beds. It employs over 17,000 staff.
Read the full article: Welltower’s £2.5B Bid for Barchester Healthcare Topples Down //
Source: https://www.thetimes.co.uk/article/welltower-s-2-5bn-bid-for-barchester-healthcare-topples-down-xjztt9tcz