Bupa set to sell 150 care homes in £450 million deal

Mon, 31 Jul 2017 | DIVISION SALE

International healthcare group, Bupa, is preparing to sell almost half of its care homes in a deal that is expected to come to around £450 million.

The potential buyer for the 150 care homes is the former chief executive of Priory Clinics, Chai Patel, who leads HC-One; a British healthcare management company.

The deal, currently in the advanced stages of talks, would make HC-One Britain's largest care home operator. Currently, the company has around 250 homes, about 200 of which came from the landlord of the failed Southern Cross.

HC-One generated £298 million in revenue last year, losing £4.2 million before tax. Its growing portfolio has been supported by a recent £287 million loan from Citibank, Deutsche Bank and Och-Ziff Capital Management.

Dr Patel recently shared his ambition for establishing a national brand of care homes that are akin to supermarkets:
“I can’t think of a decision in your life that is more difficult or more emotional than when you have to choose a home for your mum or your wife or your father. If you could have a set of brands that you know would be safe, then I think we could take away a lot of the suffering and the pain making those choices.”

Find Care Homes for sale

Tips on how to buy a care home


Share this article



Latest Businesses for Sale

Authentic Sardinian Restaurant
Stoke Newington, North London, London, South East, UK

Il Bacio Express, an authentic Sardinian restaurant which was established by our client in 2000. Our client is now looking forward to moving back to Sardinia. Il Bacio Express opened in 2000 as a pizza and pasta café. Since then the business has grow...

Asking Price: £345,000
Turnover: £464,228

LEASEHOLD


Nationwide Loss Adjuster
UK Wide

Specialises in providing complete, responsive loss adjusting services for property, motor, goods in transit and liability insurance claims. The shareholders are offering the business for sale due to their retirement plans. Offers invited.

Asking Price: Offers Invited
Turnover: £327,000

FREEHOLD


Gas Leakage Repair Solutions & Pipeline Corrosion Protection
UK Wide

Gas leakage repair solutions and pipeline corrosion protection to the utilities industry. Strong second-tier management team in place able to run the day-to-day operations of the business. Offers invited.

Asking Price: Offers Invited
Turnover: £2,800,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
22
 
Jan
 

Jewellery retailer enters administration | ADMINISTRATION

A Nottingham-based jewellery and watches company has fallen ...

 
19
 
Jan
 

Luxury lodging group enters administration | ADMINISTRATION

An Essex-based company which operates eight luxury lodge par...

 
17
 
Jan
 

Fine paper business enters administration | ADMINISTRATION

Arjowiggins UK, which operates a number of trading companies...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Related News

 
21
 
May
 

HC-One care home operator on the market | BUSINESS SALE

HC-One, the UK’s largest care home provider, has been ...

 
05
 
Apr
 

CMG considers sale of specialist care business | DIVISION SALE

The owners of the Care Management Group (CMG) have engaged a...

 
26
 
Aug
 

Two UK medication adherence packaging businesses to merge | MERGER

US medication provider Omnicell, Inc has completed its purch...

Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources