View more on these topics

Bupa sells hospitals for £1.44bn

Bupa announced today it will sell its 25 UK hospitals to European private equity firm Cinven for £1.44bn.

The health insurance and life provider says the sale will not affect its policyholders who will have access to the same range of hospitals they do now.

Bupa chief executive Val Gooding says: “The separation of our hospitals from the insurance business will allow the two, as separate entities, to fulfil their potential and make a greater contribution to the UK healthcare economy. We are confident we will continue to enjoy a good relationship with the hospitals
group under its new ownership.”

Cinven currently owns UK mental health provider Partnership in Care. It previously invested in UK private hospital provider General Healthcare and formerly owned French hospital provider Generale de Sante.

Cinven partner Simon Rowlands says: “This is an exceptionally fine business in a sector which we believe has considerable potential. It has an enviable reputation, a good management team and a sustainable business model. The acquisition enhances our position in a market with good growth prospects.”

Bupa says it will use the sale proceeds to pay down debt and then to invest in the long term growth of the company.


FTSE goes global with index ad

The FTSE is running its first global advertising campaign using the strapline, FTSE – It’s how the world says index.The campaign’s objective is to position the FTSE as the definitive benchmark, focusing on its dedication to the needs of investment professionals. It also hopes to promote the message that FTSE is about more than just […]

Regulator is right not to increase ombudsman limit

Having been closely involved with two of the cases referred to in Adam Samuels’ article headlined, Power Failure at FOS, (Money Marketing, June 14), I do take issue with the main thrust of the article, namely that the FSA looks foolish in declining to raise the ombudsman’s jurisdiction limit. In my opinion, the FSA looks […]

Rise of the machines

Head of Sustainable Investing at Royal London Asset Management, Mike Fox, looks at the case for including artificial intelligence within a sustainable investment strategy. Read the article in full here The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not get […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers. Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and thought leadership.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm