Mitchelstown’s LivingHealth Clinic has been acquired by the State-backed Irish Infrastructure Fund (IIF), which in turn is co-managed by Irish Life Investment Managers and AMP Capital (Australia).

The acquisition of the 20,00 sq ft complex in Mitchelstown which is occupied by the HSE, a GP practice and a number of health service providers, brings to four the number of healthcare facilities in Valley Healthcare’s portfolio.

Valley’s plan is to own anything up to 20 such centres by the year 2020. The other three centres are in Tralee, Wicklow and Mayo.

Under the management of Glencar Heathcare which was founded by surgeon John Drumm, Valley Healthcare is chaired by former HSE chief executive, Brendan Drumm who said the centre in Mitchelstown would ‘underpin’ the work of the highly-skilled healthcare professionals working in the community.

While it is known that the primary care centres in Wicklow and Mayo are operating under 25-year leases from the Health Service Executive, the structure with both the Mitchelstown and Tralee centres have not been made public.