Bank launches €300m healthcare fund

Allied Irish Bank (AIB) has set up a €300 million fund to support investment in the healthcare sector, and specifically in long-term care, saying the future is bright for nursing homes as a result of projected growing demand. The bank has also published new research that shows that Ireland is now catching up with its European neighbours in terms of its ageing demographic profile. The number of people older than 65 years is set to increase by approximately 200,000 over the next seven years, bringing this population cohort to approximately 732,000. The increase will fuel demand for nursing home care…