Advinia Health Care acquires 22 Bupa care homes

bupa care homes for sale

Advinia Health Care has announced the acquisition of 22 Bupa care homes.

The deal follows Bupa’s agreement earlier this year to sell 122 care homes to HC-One (see BREAKING NEWS: HC-One agrees to buy 122 Bupa care homes).

An Advinia spokesperson said: “We are delighted to confirm that Advinia has been selected by Bupa after a rigorous process to be proud owners of 22 Bupa homes.”

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David Hynam, Chief Executive Officer, Bupa UK, added: “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.”

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

Following completion, Advinia Health Care will operate 38 homes and provide 3,250 beds.

Advinia CEO Len Merton previously worked with Sanctuary Care and Sunrise Senior Living.

The provider was founded in December 1998 by Dr Sanjeev Kanoria and his wife Sangita Kanoria.

Tags : AdviniaBupaproperty acquisitions

The author Lee Peart

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