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.”