BlackBee and aperee announce their second acquisition with the purchase of Cuil Dídin Nursing Home in Tralee, Co. Kerry a modern 64 bed home with an excellent reputation.
This is in addition to our first acquisition in February: Padre Pio Nursing Home, Churchtown, Mallow as part of our €250M healthcare fund.
aperee was established as the operational arm of the Blackbee Healthcare Fund. Commenting on the completion of the first two transactions, Aperee’s CEO Paul Kingston said: “We are interested in acquiring homes who have an excellent reputation of care and the home itself is modern and has a capacity to expand, Cuil Dídin meets all these requirements and we look forward to continuing the excellent care provided under the stewardship of Caitriona. We also look forward to continuing to serve the needs of our residents in Cuil Dídin, ably led by Director of Nursing, Caitriona O’ Connor and her team.”
The BlackBee Healthcare Fund will initially see the construction of 600 new state of the art single ensuite beds and the acquisition of 1,100 existing beds. Over 1,000 new jobs will be created, 1,500 existing jobs will be sustained and a further 800 will be supported, under these plans, during construction. A number of target sites and existing homes have already been identified.
Now, more than ever it is important to support the health care sector. Particularly vulnerable to current events are the elderly, for which additional care has to be taken.
In advance of additional future market instability, Healthcare is considered to be a strong viable investment option for decreasing portfolio risk exposure going forward. Our current offerings -the BlackBee Healthcare Fund & the BlackBee Healthcare Bond – offer exposure to this key sector in a controlled and risk-managed way.
While what we are seeing in the markets at the moment is unprecedented, volatility is always present in markets and managing that volatility through risk-managed investments is key.