Aperee Living, which operates seven nursing homes in Ireland, has been sold to a group of Irish investors with a track record in managing and operating nursing homes.
The transaction also includes homes in Belgooly, Ballygunner and Callan as well as the partially completed site in Glanmire and the Rochestown site in Cork, which has full planning for a 100 bed Nursing home and 47 Independent Living Units.
New owners
The portfolio has been bought by a consortium led by Paul Kingston, who has 25 years’ experience in the nursing home sector.
Discussing the takeover, Paul Kingston said “We are fully committed to providing the highest standards of care to all residents at the nursing homes we have acquired, prioritising excellent clinical support, dedicated personal care, companionship, daily activities and community events. We are very much looking forward to engaging with all our Directors of Nursing and their clinical teams, as well as meeting with residents and their families to ensure we deliver a best in class service in the nursing home sector.”
Commenting on the sale, outgoing Director / Shareholder of Aperee Living David O’Shea said: “I am delighted to see the finalisation of this acquisition, which I believe will bring stability and growth to Aperee Living going forward. I would like to take this opportunity to wish Paul and the consortium all the best.”
Closure of the Ballygunner home
The Aperee Living Group is owned by an investor firm called Blackbee, who were appointed a liquidator earlier this year.
Speaking on Déise Today at the time of the closure of the Waterford home, Minister Mary Butler said it is not possible for the HSE to take control of the nursing home at this time, while adding that it is also not for sale at present.
"Intensive talks have taken place between Mowlam, who are operating the new nursing homes in Tramore and Kilbarry, they are happy to engage with the prospect of the staff transferring with the residents, if that is their wish."
