Beacon Hospital to be Acquired by Macquarie Asset Management

TL/DR -

Macquarie Asset Management is set to acquire Beacon Hospital in Dublin through its Macquarie European Infrastructure Fund 7. The hospital, which serves over 200,000 patients annually, has experienced significant growth in the past decade due to major investment by the current shareholders. After the completion of the acquisition, expected by the end of H1 2024, the hospital will aim to become the largest private healthcare campus in Ireland with the support of Macquarie Asset Management.

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Macquarie European Infrastructure Fund 7 Acquires Beacon Hospital

Macquarie Asset Management is set to acquire Beacon Hospital via its Macquarie European Infrastructure Fund 7, following a successful offer to the current consortium of shareholders. Beacon Hospital, a technologically advanced private healthcare facility in Dublin, provides an extensive range of acute care and specialist diagnostic services, serving over 200,000 patients annually with 251 beds and 8 operating theatres.

Under the leadership of Denis O’Brien, the hospital has made significant gains and improved clinical care over the last decade. Since 2014, Beacon Hospital has tripled its patient numbers, doubled its staff size, and made considerable investments in its facilities.

Michael Cullen, Beacon Hospital's CEO, expressed gratitude for the support and leadership provided by the chairman and board. He also acknowledged the crucial role of Macquarie Asset Management in the hospital's future growth plans, hoping to create the largest private healthcare campus in Ireland with their help.

Hani Zogheib, Senior Managing Director at Macquarie Asset Management, applauded the Beacon Hospital’s healthcare professionals for their dedication and commitment. He also expressed his eagerness to work with the team in achieving a long-term vision of expanding its state-of-the-art facilities and advancing its specialist medical services.

Regarded as the world’s largest infrastructure manager, Macquarie Asset Management has made significant contributions in the healthcare and social sectors across the globe, supporting the operation of specialist care facilities in various countries like Australia, Spain, and the US.

Macquarie Group has been present in Ireland since 2003, serving as its regulated banking hub in the European Economic Area and the base for its global aviation leasing businesses. It has invested over €2 billion in Irish infrastructure since 2009, aiding in the development of various sectors including education, social housing, renewable energy, and healthcare.

Michael Cullen will continue as the CEO following the completion of the acquisition. The transaction is expected to close by the end of 1H 2024.

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