German-based IMMAC Group has entered the Irish nursing home sector with an acquisition of the Beechfield Care Group, incorporating Beechfield Manor Nursing Home, Glengara Park Nursing Home and Mount Hybla Nursing Home as well as the Beechfield Private Homecare service.
IMMAC and sister company Antaris Healthcare are established providers of elderly care services across Germany and Austria and the announcement marks the first step of a planned expansion programme by the company into the Irish market. IMMAC is making a long-term commitment to Ireland and will roll out further investments in both new and existing nursing home operations here over the coming years.
"The Beechfield Care Group is an exemplary provider of elderly care in the Dublin region and an ideal fit for IMMAC as we enter the Irish market. We are excited about the opportunity of developing Beechfield as our platform for future activities in Ireland. This will be led by CEO Sarah McMickan and her team and we look forward to supporting her at this exciting time“ says Marcus H. Schiermann, founder and Chairman of the IMMAC group's Supervisory Board.
CEO of Beechfield Care Group Sarah McMickan said: “This is a hugely positive step for the Beechfield Care Group – we have an excellent record in the provision of residential elderly and community care. We are ready to build on this success and are now ideally positioned for further development and expansion. IMMAC and Antaris will bring their extensive experience from Europe both to the Beechfield Group and to the nursing home sector here as a whole.“
Managing Director of Antaris Healthcare Holding, Sandra dos Santos, said: “Antaris specialises in investment in the healthcare sector. Our focus is on similar-sized operators of care facilities and senior citizens' residences in Germany and Austria and now also in Ireland, with our acquisition of the Beechfield Care Group. We will be committed and supportive partners of Sarah and her excellent team going forward.”
David Andrews outgoing Chairman of Beechfield Care Group and Director of Lioncourt Investments said: “Beechfield is entering into an exciting new phase in its development. We are delighted that its new owners share the ethos of Beechfield in putting excellence in care at the centre of everything it does and wish IMMAC together with Sarah and her team every success in the future“
The Beechfield Care Group transaction was led by Tim Sauer, Head of Transactions with IMMAC.