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JP McManus of LIMERICK is preparing to reap the rewards of a possible sale of one of Britain's largest home-care groups
According to reports, the Martinstown man and his partners Dermot Desmond and John Magnier 2.8 billion if the Barchester Healthcare group goes on sale.
The trio of Barchester owned business through an investment vehicle and commissioned JP Morgan to consider options for the home-care group, with a likely sale in the near According to reports, it is likely that only bids greater than 2.8 billion euros will be taken into account
M. McManus, Mr. Desmond and Mr. Magnier were involved in several companies, The largest was a stake in Manchester United, which was sold in 2005.
Barchester Healthcare has more than 200 nursing homes with 11,000 senior occupants and 17,000 employees among its ranks.
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