Castlebeck, the British care home operation backed by Irish tycoons JP McManus and John Magnier, is being circled by rival company Partnerships in Care (PiC), with a sale of the business now likely.
A number of private equity companies have also expressed an interest in Castlebeck.
However, RBS, which is banker to both Castlebeck and PiC, is pushing for a deal between the two companies as it seeks to limit its exposure.
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