Sanitas completes acquisition of Néctar Seguros de Salud

08 October 2018 . Spain

Sanitas S.A de Seguros (Sanitas) today announced it has completed on its agreement with Hermandad Nacional de Arquitectos Superiores y Químicos (HNA) to acquire Néctar Seguros de Salud, HNA's health insurance company. Regulatory approvals have been granted by the Spanish General Directorate for Insurance and Pension Funds and the National Commission on Markets and Competition.
Sanitas office Madrid

As part of the deal, Néctar’s 34,000 insurance customers will join Sanitas. Néctar's employees will also become part of Sanitas, ensuring customers will continue to access their healthcare services without disruption.

This agreement is another example of Sanitas' commitment to health insurance - it currently ranks second in Spain with a market share of 17.6%. In 2017, Sanitas grew its insurance membership at a higher rate than the local market. This increase was largely a result of its strategic distribution agreements and enhanced customer experience through digital solutions


Notes to editor

About Sanitas

Sanitas is a Spanish specialist in healthcare and wellbeing services. It offers products and services adapted to people’s real needs at each stage of their lives through an integrated healthcare model that includes medical insurance, hospitals and multi-specialty centres, wellbeing centres, dental clinics, other health services and care for the elderly.

It has over 11,200 employees and a medical team made up of over 40,000 specialists and 1,200 associated medical centres. Its own provision business is made up of four hospitals, 20 multi-specialty medical centres, 16 well-being centres, 180 dental clinics, and 46 homes for the elderly, 17 of which have day centre services, and two independent day centres.

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.

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