Bupa has acquired home healthcare specialist Clinovia for £87.7m from Lyceum Capital.
Bupa says the acquisition will open up new opportunities in the expanding out of hospital care market.
Clinovia, established in 1975, provides home healthcare for more than 8,500 patients a month with a wide range of medical and chronic conditions like multiple sclerosis and haemophilia to improve their quality of life.
It has around 450 staff at sites in Harlow, Manchester, Derby and Glasgow.
The company has a strong network among NHS hospitals and PCTs and has been hoping for more independent sector involvement.
Bupa chief executive Val Gooding says: “We see this acquisition as an important early step in offering a broader range of healthcare services in a home and community setting. The combination of the management team and Clinovia’s track record in delivering services together with our breadth of experience in the health and care industry will help us target new opportunities.”
Clinovia managing director Robbie Burns says: “We are delighted that Clinovia has become part of the Bupa Group which will bring benefits to patients, customers and staff alike. Bupa’s investment and support will enable us to achieve our plans to deliver a wider range of products and services to support more patients at home or in the community.”