Denis O'Brien: poised to buy Beacon loans
Deal would give billionaire significant influence over hospital
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...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine