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HC-One has agreed a multi-million pound deal to buy Bupa’s care home business.

Care Home Professional (CHP) has learnt that the deal, which will make HC-One the UK’s biggest care home operator, is set to be completed in the next few months.

Talks over a deal were reported by the Financial Mail on Sunday in April (see HC-One in talks over £450m Bupa care home deal) and CHP can now reveal that an agreement has been reached.

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A reliable source told us that the Bupa homes were being acquired for a figure substantially below that previously reported.

HC-One Chairman Dr Chai Patel told us earlier this year he would continue to seek acquisition targets after buying Helen McArdle earlier this year (see BREAKING NEWS: HC-One buys Helen McArdle Care).

Chai, who has made his career by successfully turning around failing care home businesses, aims to build HC-One into one of four or five national care home providers which become household names synonymous with good quality care (see THE BIG INTERVIEW: Dr Chai Patel, CEO of HC-One).

His Court Cavendish business, which he founded in 1988 and grew through a series of acquisitions to become Care First, was eventually bought by Bupa after he left.

When approached by CHP, HC-One said it did not comment on market speculation.

A Bupa spokesperson said: “We’re committed to the sector and to providing all of our residents with high-quality care in our homes.”

Tags : acquisitionsBupaHC-One
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The author Lee Peart

8 Comments

  1. Worked for both companies I lasted longer with bupa than hc one but both profit orientated and not nice places to work 🙁

    1. The problem is Brett that the new bigger organization will need to work on volumes which means that the occupancy level figure will mean more to the business than the people being looked after. At the end of the day, this is a real estate business with a health function instead of the other way round…

    1. Hi they are buying the one my mother is in in Stevenage (woodlandview) as my sister received a letter from the home saying nothing will change ??

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