Bupa today announced an agreement to sell part of its UK care home business to HC-One, subject to regulatory approval, in a transaction totalling around £300m1.
The sale will see the transfer of 122 care homes to HC-One, a leading provider of health and social care in the UK.
Bupa will retain around 150 care homes and six Richmond Villages caring for over 9,000 residents, with a further four care homes and two retirement villages under construction.
David Hynam, Chief Executive Officer, Bupa UK, said: “We remain one of the main providers of residential care in the UK, and a major investor in the sector. This move enables us to focus our investment to continue to provide high quality care for our residents, both now and in the future. This year, Bupa will invest more than £120m into refurbishing existing homes and building new care homes and retirement villages.
“Bupa and HC-One have a shared commitment to excellence in care. We will work together over the coming months to ensure there is minimal change for residents and their families, and that they continue to receive the high quality care from the same dedicated teams.”
Bupa’s investment of more than £120m in 2017 into its care homes and retirement villages is in addition to £100m invested in 2016 in building, refurbishing and maintaining its homes.
Notes to editor
1. Total transaction value subject to potential adjustments.
Enquires
For more information regarding Bupa UK please contact the Bupa UK Press Office: 020 7833 7040 or email: [email protected]
Bupa UK
Bupa Care Services: Bupa will have over 150 care homes, as well as six Richmond Villages with four new care homes and two new villages under construction.
Our business in the UK also comprises: Bupa UK Insurance, the leading health insurer in the UK with 2.3 million customers; Bupa Dental UK, a major dental provider in the UK operating more than 430 practices; Bupa Health Services, health clinics and wellness centres; and Bupa Cromwell Hospital.
For more information, visit bupa.co.uk
About HC-One
- HC-One is a leading provider of health and social care, currently operating 231 care homes across the UK.
- HC-One aims to be the first choice care provider in each of its communities for residents looking for the very best care and support, and the employer of choice for the best, most professional, and kindest care staff, with sector-leading career progression opportunities.
- The acquisition of these 122 Bupa care homes follows HC-One’s 2017 acquisition of 20 homes from Helen McArdle Care. The locations of all HC-One homes can be viewed online.
For more information regarding HC-One please contact the HC-One Press Office on 0800 014 8509 or email [email protected]
About Bupa
Bupa's purpose is helping people live longer, healthier, happier lives and making a better world.
We are an international healthcare company serving over 31 million customers worldwide. With no shareholders, we reinvest profits into providing more and better healthcare for the benefit of current and future customers.
We directly employ around 85,000 people, principally in the UK, Australia, Spain, Chile, Poland, New Zealand, Hong Kong SAR, Turkey, Brazil, Mexico, the US, Middle East and Ireland. We also have associate businesses in Saudi Arabia and India.
