Latest news with #CentricHealth
Irish Independent
03-07-2025
- Business
- Irish Independent
Irish investors buy medical centres from France's MNK Partners
As MNK had acquired the portfolio in 2021 for €3.5m, the sale has delivered a 36pc uplift on its purchase price. Each of the four had included Centric Health, the Irish healthcare provider which provides GP, dentistry and other services, among its tenants. Three of the investments were acquired by a Dublin investor and located at: the first floor in Ballyowen Lane; the ground floor at Ballyowen Castle in Lucan, Co Dublin; and the first floor at Manor Mills shopping centre in Maynooth, Co Kildare. The fourth investment at Ennis Medical, Francis St, Ennis, Co Clare, included among its tenants the Office of Public Works, Claremed Pharmacy and Centric. It was acquired by a Clare investor. Niall Delmar of Colliers, who represented MNK, said: 'The portfolio attracted good interest, particularly from private investors focused on long-income opportunities. There's clearly still demand for secure, income-producing assets, from local private investors and we're pleased to have delivered a combined 6.9pc net initial yield.' As the leases and terms have recently been renegotiated, as of January 2025 it has a collective average lease term (WALB) of 11.68 years. With a total floor area of 25,251 sqft, it generates a total annual rent of €414,490.
Irish Times
02-07-2025
- Business
- Irish Times
Private investors pay €4.75m for medical-use portfolio
A group of investors represented by MNK Partners has secured an uplift of 36 per cent on its original outlay of €3.5 million in a fully let medical-use property portfolio distributed across Dublin , Kildare and Clare . The investment comprising four assets in Lucan, Maynooth and Ennis has been sold for a total of €4.75 million to two private investors, having been offered to the market by agent Colliers at a guide price of €5 million in February of this year. The details of the portfolio are as follows: Ballyowen Lane, Lucan, Dublin This property, located on the first floor of a well-established medical facility, is fully let to Centric Health Primary Care Limited and is generating €101,365 annually in rent. The lease expires in 2039, providing an unexpired term of 14.8 years. The property is guiding at €1.5 million, reflecting a net initial yield of 6.1 per cent and a capital value of €219 per sq ft. Ballyowen Castle, Lucan, Dublin This ground-floor medical unit is occupied by Centric Health Primary Care Limited, producing a passing rent of €32,010 a year, and with an unexpired lease term of 14.8 years. The guide price of €485,000 reflects a net initial yield of 6 per cent and a capital value of €245 per sq ft. READ MORE Unit 2, Manor Mills, Maynooth, Kildare Located in Manor Mills Shopping Centre, this medical suite is occupied under a long-term lease by Centric Health Primary Care Limited, generating €25,000 annually. The lease expires in 2039, offering an unexpired term of just under 15 years. The guide price of €400,000 reflects a net initial yield of 5.68 per cent and a capital value of €236 per sq ft. Francis Street, Ennis, Co Clare This property is let to Centric Health Primary Care Limited, the OPW and Claremed Pharmacy, and is generating a gross rent of €256,115 a year, with an unexpired lease term of 7.21 years. The property is guiding at €2.6 million, reflecting a net initial yield of 7 per cent and a capital value of €282 per sq ft. One purchaser acquired the Ennis property, while the remaining three were acquired by another investor. The sales completed just three months after the portfolio was brought to the market, with all transactions closing simultaneously. Niall Delmar of Colliers handled the sale on behalf of MNK Partners. He said: 'The portfolio attracted good interest, particularly from private investors focused on long-income opportunities. There's clearly still demand for secure, income-producing assets from local private investors and we're pleased to have delivered a combined net initial yield of 6.9 per cent.' 'The transaction underscores the ongoing appeal of healthcare investments, driven by stable occupational performance and long unexpired lease terms. Despite wider market uncertainty, investor appetite remains firm for essential-service assets offering reliable returns.'
Irish Independent
06-06-2025
- Health
- Irish Independent
Pilot health checks for lung cancer being brought to high-risk people in Louth, Meath and Cavan
Participants for the Beaumont RCSI Irish Cancer Society lung health check are being chosen as part of a study targeting those aged between 55-74 years, who currently or previously smoked, as they are at higher risk than others of getting lung cancer. The study will involve participants from selected Centric Health GP practices in the North Dublin and northeast region. Invited participants will then attend a mobile lunch check unit in O'Raghalliagh's GAA Club in Drogheda. The participating GP practices in Drogheda include: Bryanstown Medical Centre; Fairgate Medical Practice; Hilltop Drogheda; and Northgate Surgery. In Dundalk, The Square Medical is included. Meanwhile, in Meath the Trim Medical, Headfort Family Practice is included and in Cavan, The Cottage Baileborough is included. Participants from Ashbourne Clinic, Meath will attend a mobile health unit in Fingallians GAA Club Swords. Participation invites will be sent through a letter of invitation to take part in the study, along with a leaflet with more details of the process. A team member will then be in touch to specify a date and time for a screening. Invites can also be turned down, with details provided on how to opt out. CEO of the Irish Cancer Society Averil Power said: 'This historic investment by the Irish Cancer Society marks a turning point for lung cancer in Ireland. Lung cancer kills more Irish people every year than any other cancer, mainly because it is diagnosed late when it is difficult to treat. 'We are confident this pilot programme will save lives by detecting cancer early. We hope that in time it will lead to a free national lung check programme for all Irish people at high risk of getting lung cancer.' Lung cancer is the leading cause of cancer death in Ireland, with six in every 10 lung cancer diagnoses detected at a late stage when it is harder to treat. The Lung Health Check is part of a €4.9m partnership between Irish Cancer Society and Beaumont RCSI Cancer Centre, funded by the Irish Cancer Society, to drive improvements in lung cancer early detection, diagnosis, and treatment.
Yahoo
25-02-2025
- Health
- Yahoo
Advancing Awareness and Equity: Leaders Discuss Black History and Community Initiatives
Presented by: Centric Health During Studio 17's Black History Month special, local leaders emphasized the importance of awareness, diversity and supporting African American initiatives within the community. Joining the conversation were Michael Bowers, vice president of public and government affairs at Centric Health, and Les Ybarra, president of California Medicaid at Anthem Blue Cross. For Bowers, a Bakersfield native, these discussions are key to breaking stereotypes and fostering inclusion. 'Black history is American history,' Bowers said. 'When we say, 'We the people,' that means all people. Conversations like this help us move forward by challenging misconceptions and increasing understanding.' Ybarra echoed the importance of education and action in achieving meaningful change. 'At Anthem Blue Cross, our purpose is to improve the health of humanity,' he said. 'That takes leadership, partnerships and a commitment to serving the communities that need it most.' Health disparities remain a critical issue for African Americans, particularly in underserved areas. Bowers pointed out that parts of Bakersfield, including the neighborhood where he grew up, still lack basic healthcare services such as pharmacies, urgent care centers and behavioral health resources. 'Accessibility is a major challenge,' Bowers said. 'We're still seeing significant gaps in care, especially in communities of color.' Ybarra stressed the importance of addressing these disparities by focusing on whole-person care, particularly in maternal and child health, behavioral health and chronic disease management. 'We have a responsibility to ensure care is available at the right time and place,' he said. 'That means providing resources, reducing disparities and meeting people where they are.' As Black History Month concludes, both leaders underscored the need for ongoing conversations and action. 'We need to keep coming back, year after year, to talk about these issues,' Bowers said. 'That's how we drive progress and create lasting change.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
