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British healthcare developer makes first Irish move in Mayo


Stock photo. Photo: Peter Byrne

Stock photo. Photo: Peter Byrne

Stock photo. Photo: Peter Byrne

Assura, a London-listed healthcare building developer and manager, has entered the Irish market after acquiring a Co Mayo building worth €11m.

According to a recent analyst call, Assura has acquired Castlebar Primary Care Centre. Speaking about Assura’s first Irish buy, Patrick Lowther, head of strategy and markets at the company, said it had received “verbal consent for an extension” in Castlebar that would double the building to accommodate further services.

In response to questions, Assura, which has a valuation of around £1.95bn (€2.27bn), said it was confident the Irish market would complement its existing UK business and help drive growth.

The Connaught Telegraph reported in March that Health Minister Stephen Donnelly had approved an investment of €8.5m in the Castlebar Primary Care Centre, increasing the floor space by 3,500 sq m and creating 70 additional jobs.

In May, Assura reported that its pre-tax profit had increased in its 2022 financial year. It had reported profit of £155.8m for the year ended March 31 compared with £108.3m for the same period in 2021.

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