Bupa completes sale of part of UK care home business

15 December 2017 . United Kingdom

Bupa today announces it has completed the transfer of part of its UK care home business to HC-One.

In August, Bupa announced an agreement to sell part of its care homes business to HC-One and today, 110 of those homes transfer to their new owner1.

David Hynam, Bupa UK CEO said: “Providing quality care for the UK’s ageing population continues to be a core part of our UK business. Transferring a number of our care homes to HC-One enables us to focus our investment on providing high quality care for our residents, both now and in the future.

“There’ll be minimal changes for residents in these homes, they’ll receive the same care from the same dedicated teams, as Bupa colleagues will remain with each home. I’d like to thank all our colleagues for the hard work and care they deliver around-the-clock to all of our residents in all of our homes.”

Bupa will remain one of the biggest aged care providers in the UK and a major investor with around 125 care homes and seven Richmond Villages, caring for over 6,000 residents. Bupa is also building four new care homes in England and continues to expand the Richmond Villages portfolio.

Notes to editor

For further information please contact:

Sally Pain or Jo Simmons in the Bupa UK Press Office on:
T: 020 7833 7025 E: Josephine.simmons@bupa.com

  • [1] 110 homes across England and Scotland are transferring today. 12 homes that we operate in Wales are part of the agreement with HC-One and we expect these homes to transfer in January.  
  • The total transaction value as announced in August is around £300m (subject to potential adjustments).
  • In a separate agreement, we are also in the process of transferring 22 homes to Advinia Health Care. This is expected to complete in early 2018. 
  • We remain committed to this sector as one of the biggest providers in the UK and a major investor. In 2017 Bupa has invested more than £120m in refurbishing existing homes and building new care homes and care villages.

About Bupa

Bupa's purpose is helping people live longer, healthier, happier lives.

With no shareholders, our customers are our focus. We reinvest profits into providing more and better healthcare for the benefit of current and future customers.

Health insurance accounts for the major part of our business with 15.7m customers and contributes over 70% of revenue. We operate clinics, dental centres and hospitals in some markets, with 15m customers. We care for around 23,000 residents in our UK, Australia, New Zealand and Spain aged care businesses.

We directly employ around 80,000 people, principally in the UK, Australia, Spain, Poland, Chile, New Zealand, Hong Kong, Turkey, the US, Brazil, the Middle East and Ireland. We also have associate businesses in Saudi Arabia and India.

For more information, visit www.bupa.com.