|
 | about Bupa | press releases
Bupa hospitals sale
27 July 2005
Bupa Hospitals Ltd today confirmed the sale of nine of Bupa’s hospitals to Legal and General Ventures for £85m. The hospitals will form the basis of a new group called Classic Hospitals Group Ltd, which becomes the UK’s fifth largest group of private hospitals.
The nine hospitals are in Blackpool (Fylde Coast), Farnham (Clare Park), Halifax (Elland), Hull, Hythe (St Saviours), Leeds (Methley Park), Macclesfield (Regency), Reading (Dunedin) and Wrexham (Yale).
The proposal to sell the hospitals was announced last June following a review of the Bupa Hospitals Ltd portfolio. BHL is transforming the way it manages and operates its hospitals to offer better value healthcare and meet the future demands of a significantly changed UK healthcare market.
Bupa initially identified ten of its smaller hospitals to be sold. The tenth, Hastings, which is attached to the Conquest NHS Hospital, will now not be part of the deal and will continue to operate as part of the BHL network.
Clare Hollingsworth, managing director of Bupa Hospitals, said: “BUPA Hospitals is actively developing new customer propositions based on increased levels of standardisation and economies of scale. This approach is better suited to our larger hospitals. The sale will enable the nine smaller hospitals to continue to deliver quality health care to meet the needs of the local community.”
Bupa Hospitals now operates 26 hospitals around the country and last year provided treatment to over 700,000 patients. Bupa Hospitals is now a major provider to the NHS which is increasingly using private facilities for the treatment of patients.
|
