A major US health organisation has acquired majority ownership of the Beacon Hospital in Dublin.
The University of Pittsburgh Medical Centre says the Beacon facility will now become part of its 20-hospital network and it is committing €68m in direct investment and loan guarantees to the Irish facility.
UPMC became the operator of the Beacon cancer centre in 2007 and took over management of the full hospital in February 2008.
It says the new agreement will provide more treatment options and better access to care for patients here.
UPMC employs 50,000 people and generates over €5.5bn in revenue each year from facilities in Europe and the US.
The Beacon Hospital opened in 2006 and has 183 acute beds.
