Mount Carmel for sale at €12m

by Gazette Reporter

MOUNT Carmel Hospital in Churchtown, which closed with the loss of about 320 jobs in February, is on the market with an asking price of up €12m.
When the hospital went into liquidation and services were wound down, staff mounted a campaign to keep the facility open and save the jobs.
Some hope was given in February when two potential investors entered into negotiations with liquidators RSM Farrell Grant Sparks to take over the hospital.
RAS Medical, owner of several medical facilities, including Park West Clinic, met NAMA representatives with a view to buying Mount Carmel, while healthcare provider Centric Health also expressed a desire to purchase the facility.
However, these negotiations proved to be unsuccessful, and the hospital is now on the market.
The facility is located in what is seen as a highly desirable site on 4.88 acres near residential areas such as Orwell Road. Now up for sale at a guide price of €12m, it was first bought by developer Gerry Conlon for €60m in 2006.
Simon Coyle, of receivers Mazars, is in charge of the sale, which is now on the books of commercial property agents JLL.
Cllr Neale Richmond (FG) said: “It is no surprise that NAMA is looking for a buyer at a reduced rate, given the previous unsuccessful efforts of the receiver, but I hope that a future for Mount Carmel as a hospital can be found. It is an ideal site, and it served the community well for so long.”
Party colleague Cllr Jim O’Dea said: “I am very sorry to hear that Mount Carmel Hospital is being sold off at a discount price of €12m.
“We were told when it closed that there were four or five companies interested in taking it over and running it, but without the maternity unit.
“What has happened to these prospective buyers? Were NAMA being too restrictive in their conditions of sale?
“I, and the local people, want Mount Carmel to reopen as an efficient and reliable hospital. We need places like Mount Carmel to provide beds and medical services to the local people, and also to remove people from the waiting lists for hospital treatment.
“I am completely opposed to it being used for redevelopment. I believe that it may already have planning permission for some residential development, but I would be strongly urging the council to oppose any plans to demolish the hospital and turn the area into another housing estate,” he said.
The hospital comes with five fully equipped operating theatres with facilities to perform many surgical and medical procedures, such as plastic surgery, endoscopy, orthopaedics, ophthalmology and more.
In recent years, Mount Carmel got most of its revenue from these surgical procedures, although it was best known as a maternity hospital.
The hospital was founded in 1949, and up to 1,200 babies were delivered there each year.
Receivers Mazars had not given a comment to The Gazette on the sale of Mount Carmel by the time of going to print.

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