Clearance for HC-One’s acquisition of 122 Bupa care home has granted by the Competition and Markets Authority (CMA).
The announcement follows the completion of the CMA’s investigation into whether the deal represented an anti-competitive merger following its launch last month (see BREAKING NEWS: CMA investigates HC-One’s Bupa care home acquisition).
Following the public consultation, the CMA stated that it had granted clearance for the deal and would be releasing full details on its decision shortly.
A spokesperson for HC-One said: “Our mission is to be the first-choice care provider in each of the communities we serve, providing high-quality kind care to residents and exceptional career development opportunities for colleagues.
“We worked closely with the CMA during the investigation and we are very pleased it has approved our acquisition of the Bupa homes. We very much look forward to welcoming the new homes to the HC-One family in due course.”
The deal, which was revealed by Care Home Professional in July (see EXCLUSIVE: HC-One to buy Bupa care homes) will see HC-One becoming the UK’s largest care home provider.