Lightning strikes twice as Heraty sells care homes for €93m

CPL Resources boss Anne Heraty and her husband Paul Carroll are understood to have lined up a sale of their majority-owned Trinity Care nursing home business for about €100m.

It comes just weeks after the deal to sell their CPL recruitment firm that will bag the couple a massive €110m. Listed Belgian property investor Cofinimmo said yesterday that it has agreed to pay €93m for six nursing homes and a rehabilitation centre in Ireland.

The properties are still listed as being operated by Trinity Care.

The company behind Trinity Care, Costern, also owned the seven properties which are located in Dublin, Cavan, Meath, Kildare and Louth. They have a total of 491 beds.

“The total investment for the seven healthcare sites amounts to approximately €93m,” noted Cofinimmo in a statement on its website last night.

“All the sites are let to DomusVi, a leading operator in Europe. DomusVi Group, is among the leading providers of accommodation, assistance and care to people impaired due to age or illness in Europe,” it added.

Paris-based DomusVi operates hundreds of nursing homes across, France, Spain, Portugal and Latin America. It established an Irish unit last November.

“With more than 400 nursing homes and senior residential homes and 60 home-care agencies, DomusVi provides a comprehensive range of quality services to its 72,000 customers in Europe and Latin America. DomusVi has over 37,000 employees worldwide,” noted Cofinimmo.

“DomusVi is already a leading operator in several countries in Europe and we are pleased to be able to support them in their growth ambitions in Ireland,” it added.

Ms Heraty and Mr Carroll originally bought into Trinity Care in 2012, backing the acquisition of the former Guardian Healthcare business by its ex-CEO, Keith Robinson. Mr Robinson is still listed as CEO of Trinity Care and is thought to have owned about 30pc of the business.

Cofinimmo said that it has also negotiated lease terms for the seven properties with DomusVi.

“For each of the seven sites a triple net lease has been concluded for a fixed term of 15 years,” it noted.

Ms Heraty and Mr Carroll agreed in November to sell CPL Resources to Japanese HR firm Outsourcing Inc for €318m.

Neither Ms Heraty nor Mr Robinson were contactable yesterday evening.