independent

Wednesday 16 April 2014

Beef baron makes hospitals move

Tom McEnaney THE management of Blackrock Clinic confirmed yesterday that Bupa, the health insurance and hospital group, had sold its 56pc share in the company to investors including beef baron Larry Goodman and property developer John Flynn for an unknown sum.

Mr Goodman is understood to have taken a 28pc share in the hospital while Mr Flynn has taken 8pc. George Duffy, a medical consultant who already has a 12pc share in the hospital, is said to have increased his stake to 21pc, while consultant and fellow shareholder Joe Sheehan now has a 20pc stake.

Mr Goodman is emerging as a significant investor in hospitals having paid about ?18m for a 50pc share of the Galway Blackrock Clinic.

Last month the Irish Independent reported that Jimmy Sheehan, who founded the Blackrock Clinic and remains a shareholder, is planning to build a £50m hospital in London

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