BUPA to go ahead with hospitals sale
BUPA has said it plans to proceed with the sale of its 25 UK hospitals to the European private equity firm Cinven for Â£1.44 billion. BUPA will continue to operate as a major care home provider and says the sale will have no effect on holders of BUPA health insurance in the UK, who will have access to the same range of hospitals they currently have. Cinven has significant experience in the private healthcare market, currently owning Partnerships in Care (PIC), a major UK provider of specialist mental health and related services which operates 940 beds in its 17 facilities around the UK. Cinven was also a previous investor in General Healthcare which it developed into the number one private hospital provider in the UK. Cinven is also a former owner of GÃ©nÃ©rale de SantÃ© which was the leading private acute care hospital provider in France.