Bupa has announced the transfer of 110 of the 122 care homes it has agreed to sell to HC-One.
The move is part of a £300m deal agreed earlier this year (see BREAKING NEWS: HC-One agrees to buy 122 Bupa care homes). The remaining 12 homes in Wales are expected to be transferred to HC-One in January.
David Hynam, Bupa UK CEO said: “Providing quality care for the UK’s ageing population continues to be a core part of our UK business. Transferring a number of our care homes to HC-One enables us to focus our investment on providing high quality care for our residents, both now and in the future.
“There’ll be minimal changes for residents in these homes, they’ll receive the same care from the same dedicated teams, as Bupa colleagues will remain with each home. I’d like to thank all our colleagues for the hard work and care they deliver around-the-clock to all of our residents in all of our homes.”
The Competition and Markets Authority (CMA) announced last week that it had approved the deal, which creates the largest care home provider in the UK (see CMA gives green light for HC-One’s Bupa deal).
The transfer of a further 22 homes to Advinia Health Care in a separate deal is expected to be completed in early 2018 (see Advinia Health Care acquires 22 Bupa care homes).
A Bupa spokesperson said: “We remain committed to this sector as one of the biggest providers in the UK and a major investor. In 2017 Bupa has invested more than £120m in refurbishing existing homes and building new care homes and care villages.”
Bupa will remain one of the biggest aged care providers in the UK and a major investor with around 125 care homes and seven Richmond Villages, caring for over 6,000 residents. Bupa is also building four new care homes in England and continues to expand the Richmond Villages portfolio.