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26
Jun

O’Flynn sells UK healthcare unit


The O’Flynn construction group has announced that it has sold its loss-making UK-based firm Shelbourne Senior Living, the Irish Examiner reports.

The O’Flynn construction group has announced that it has sold its loss-making UK-based firm Shelbourne Senior Living, the Irish Examiner reports.

The sale of Shelbourne, which provides healthcare accommodation for seniors, is part of a plan to dispose of assets and reduce liabilities. O’Flynn did not disclose the value of the deal or the name of the buyer.

The sale of Shelbourne Senior Living comes amid reports that private equity groups Blackstone and Starwood Capital have made proposals to buy €1.5bn in loans linked to theO’Flynn group.

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