Denis O'Brien: poised to buy Beacon loans

Deal would give billionaire significant influence over hospital

Susan Mitchell

Deputy Editor and Health Editor @susmitchellsbp
Ian Kehoe - avatar

Ian Kehoe

9th March, 2014
Denis O'Brien: agreed a deal with Ulster Bank. Picture: Fran Veale

Denis O'Brien, the Irish media and telecoms magnate, is positioned to acquire the debts behind the Beacon Hospital, one of the state's private hospitals.

The move means that O'Brien will effectively be the hospital's new banker, leaving him open to call in the loans if the hospital's debts were to go into default.

While O'Brien's debt purchase does not affect the day-to-day operation of the hospital, it will give him a huge degree of control...

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