Bupa announces sale of 22 UK care homes

16 October 2017 . United Kingdom

Bupa today announces an agreement to sell 22 of its UK care homes to Advinia Health Care, subject to regulatory approval. 

Bupa remains one of the biggest UK providers with around 130 homes and seven Richmond Villages, caring for nearly 6,500 residents.  

The sale will see 22 care homes transfer to Advinia Health Care, an experienced nursing and residential care provider, established for nearly 20 years. Following completion, Advinia Health Care will operate 38 homes across the UK.

David Hynam, Chief Executive Officer, Bupa UK, said: “Providing quality care for the UK’s ageing population continues to be a core part of our UK business. This agreement completes the second strategic step to reshape our care homes business.

“We continue to be one of the biggest providers in the sector and have committed over £120m to refurbish existing homes and build new care homes and retirement villages this year, on top of over £100m invested last year.

“Together with Advinia Health Care, we will make sure the transfer is as smooth as possible for our residents and employees.”

Notes to editor

For further information please contact:

The Bupa UK Press Office:  
T: +44 (0)20 7833 7040 E: Sally.Pain@bupa.com or Josephine.Simmons@bupa.com

Bupa UK

Bupa will have around 130 care homes, as well as seven Richmond Villages with four new care homes and one new village 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 www.bupa.co.uk.

The Bupa Group

Around 70% of Bupa’s revenue is from health insurance, with the rest from healthcare provision. Bupa funds healthcare around the world and runs clinics, dental centres, hospitals in a number of countries. Bupa has care homes and retirement villages in the UK, Australia, Spain and New Zealand.

For more information, visit www.bupa.com.

About Advinia Health Care

Advinia Health Care is an experienced nursing and residential care provider. Privately owned, Advinia is undergoing a period of growth and this acquisition will expand its portfolio from 16 to 38 homes across the UK with 3,250 beds, with plans to invest and develop further.

Dr Sanjeev Kanoria founded Advinia Health Care with his wife Sangita Kanoria in 1999. Dr Kanoria is an ex McKinsey consultant who trained as a liver transplant surgeon in London. Dr Kanoria also owns, and is the Deputy Chairman of Austrian Anadi Bank, a commercial bank in Austria. The group is part of the Kanoria Foundation which owns Srei Infrastructure Finance Limited, the largest infrastructure finance company in India.

Advinia has won several awards for innovation and quality care including launching culturally sensitive robots to help dementia residents and prides itself on providing “engaging and homely” style homes with a specialism in dementia care.

For more information about Advinia Health Care please contact Len Merton, Chief Executive Officer, on 0208 3717810 or visit www.advinia.co.uk.