Barchester drops interest in BetterCare

Barchester Healthcare, the care provider owned by Irish tycoons John Magnier, JP McManus and Dermot Desmond, has dropped its interest in Northern Ireland’s care chain BetterCare (CCMN March 2005) with the suggestion that costly refurbishment of stock is to blame.Having announced £170m of new funds for the company following last month’s shares rights issue Barchester…