Business Irish

Saturday 15 December 2018

Tech tycoon's care home plan rejected

Remedy Care is wholly-owned by e-learning tycoon Pat McDonagh. Photo: PA
Remedy Care is wholly-owned by e-learning tycoon Pat McDonagh. Photo: PA
John Mulligan

John Mulligan

Plans for a multimillion euro residential care home in north Dublin by a company backed by e-learning tycoon Pat McDonagh have been rejected by the local council.

The project would have provided a 120-bedrom facility and the company behind it, Remedy Care, said it would provide a "new model" of elderly and specialist care in Ireland.

Remedy Care is wholly-owned by Mr McDonagh, who made his estimated €500m fortune from firms such as CBT Systems, Skillsoft and Riverdeep.

The brother of tech entrepreneur and Riverdeep founder Barry O'Callaghan, Tom O'Callaghan, is also involved in the care home project.

Tom O'Callaghan has been working closely with Remedy Care in its efforts to develop Remedy Care facility in Ballyboughal, Co Dublin, in an area called Skidoo.

Tom O'Callaghan is the chief executive of the IHeed Institute, a medical-education company based in Dublin. He is also the founder of the Living Health Clinic, a primary care centre in Mitchelstown in Co Cork that is owned by a consortium of general practitioners.

The Skidoo land was bought some time ago for more than €10m, with backing from Pat McDonagh.

Directors of the firm behind the farmland - Skidoo Farming & Agricultural Company - include Isle of Man-based solicitor John Caldwell, also a long-time associate of Mr McDonagh.

The council said that the development would materially contravene the Fingal development plan, which states that residential care homes be located in towns and villages.

Irish Independent

Business Newsletter

Read the leading stories from the world of Business.

Also in Business