Inside the Barchester deal: How Irish billionaires tapped US appetite for UK care homes
In the early 1990s, British entrepreneur Mike Parsons was dismayed when he went out to find quality care for his elderly relatives. It was this experience that spurred him to open a care home of his own, buying up Moreton Hill, a 17th-century farm in the idyllic countryside of the Cotswolds in England. By 1994, Moreton Hill was operational and had won an award for its design. Parsons quickly realised that what he had built was desperately needed throughout the UK, and before long, he welcomed investors who would help him fund his expansion. A trio of Irish business magnates…
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