Ireland OKs Blackrock Clinic & Hermitage Deal

Businessman Larry Goodman is poised to take full ownership of the high-profile private hospitals the Blackrock Clinic and the Hermitage, following rulings by competition regulators.

Ownership of the Blackrock Clinic has been the subject of several court battles between Mr Goodman’s company Breccia, and Dr Joseph Sheehan, the clinic’s co-founder, and several years ago, with another investor, developer John Flynn. 

Ireland’s Competition and Consumer Protection Commission (CCPC) stated it would allow Portlon Trust, through subsidiaries, Parma Investments and Breccia, to buy shareholdings of Tullycorbett and Xroon in Blackrock Clinic.

The Commission also gave the green light to Parma to buy Dr Sheehan’s shares from accountant Damien Murran of RSM Ireland, who was appointed receiver over the co-founder’s stake.

Full Content: Irish Times

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.