BUPA Profile

Company: 
BUPA
Author: 
Jane Lethbridge
Date published: 
2010

Owner:

BUPA

BUPA House

Bloomsbury Way

London WC1A 2BA

www.bupa.com

EWC: NO but ELIGIBLE

Total employees: 52,000 (worldwide)

 

Major European subsidiaries

 

Company

Ownership

Country

Contact

Website

Employees

 

Sanitas –

Spain

 

100%

 

 

Spain

 

c/via Augusta 13-15,

28042 Madrid

Tel: + 902 10 24 00

www.sanitas.es

 

5,285

BUPA UK

Insurance

 

100%

UK

BUPA House

Bloomsbury Way

London WC1A 2BA

 

www.bupa.com

 

1,000+?

 

BUPA Care

Services Ltd

 

100%

UK

 

www.bupa.com

 

1,000+?

 

 

 

Company outline and strategy

 

BUPA is one of the two largest providers of private health insurance in the UK with 40.1% of the market.

In the last 10 years BUPA has expanded through a series of acquisitions in the UK and worldwide. Its most

striking area of expansion has been into care services. In 2007, it sold 25 hospitals to Cinven, for £1.44

billion, in order to pay off debt and to focus on long term development of the company, internationally and in the care sector. However, BUPA acquired the Brompton Hospital in 2009, which is based in London and

serves the international market.

Since 2007, the company has expanded it health insurance and care activities globally. It bought Amity

Group in Australia and Guardian Healthcare in New Zealand as well as Health Dialog in US in 2007/8. This

was the first time that BUPA entered the US market. Health Dialog provides health care analytics and

decision support services to 19 million people in the US and UK, Spain and France.

In June 2008, Bupa Australia merged with MBF but in March 2010 it sold this business, the Life Insurance

and Wealth Management business (MBF Life and ClearView) to MMC Contrarian Limited (MMC) and has

now entered a ‘distribution alliance’ with MMC. BUPA is still consolidating its presence in Australia and

seems to be concentrating on both health insurance and care homes.

BUPA has also set up a joint insurance venture with Max India, which will be launched in 2010. The

company also provides health insurance in Thailand and Hong Kong, It has sold primary care services

which is used to run in Asia. It has a partnership with one of the largest health insurers in Saudi Arabia.

BUPA’s major European subsidiary is Sanitas, a Spanish health insurer and healthcare provider, which was incorporated into BUPA in 1989. In September 2006, Sanitas, won a government tender to build and run a large new public hospital in Manises, Valencia. The 15 year PFI contract for the Valencia government

involves building and managing the new hospital as well as updating and running primary care centres in the region, building a new health centre in Turis and renovating a specialist centre in Aldaya. Sanitas has

formed a consortium with Ribera Salud, (Sanitas 60%: Ribera Salud 40%),42 which is owned by Bancaja and Caja Mediterraneo, two Spanish banks. The project is worth €137 million. The Horta Manises hospital has now opened. Sanitas has two other hospitals, both in Madrid.

In 2007, the Sanitas group acquired Sanitas Residencial, BUPA Group’s Spanish care home provider,

bought the Euroresidencias’ care home and day centre portfolio from the Spanish company Saarema

Inversiones. This made Sanitas, the second largest provider of long term care in Spain.

BUPA employs 52,000 employees worldwide. Sanitas employs 5,295. There are no specific figures given

for the number of employees in the UK but out of a total of £56.5 million revenue from BUPA care homes in

the UK, £30 million was spent on staff costs. If a care worker is estimated to earn about £20,000 – 30,000

per year, including employer costs, this suggests that BUPA employs at least 1,000 full time workers in its

care homes.

  

 

  

 

 

 

 

BUPA

Owner:

BUPA

BUPA House

Bloomsbury Way

London WC1A 2BA

www.bupa.com

EWC: NO but ELIGIBLE

Total employees: 52,000 (worldwide)

5.4.1 Major European subsidiaries

Company Ownership Country contact Website Employees

Sanitas –

Spain

100% Spain c/via Augusta 13-15,

28042 Madrid

Tel: + 902 10 24 00

www.sanitas.es

 

5,285

BUPA UK

Insurance

100% UK BUPA House

Bloomsbury Way

London WC1A 2BA

www.bupa.com

BUPA Care

Services Ltd

100% UK

www.bupa.com

1,000+?

5.4.2 Company outline and strategy

BUPA is one of the two largest providers of private health insurance in the UK with 40.1% of the market.

In the last 10 years BUPA has expanded through a series of acquisitions in the UK and worldwide. Its most

striking area of expansion has been into care services. In 2007, it sold 25 hospitals to Cinven, for £1.44

billion, in order to pay off debt and to focus on long term development of the company, internationally and in

the care sector. However, BUPA acquired the Brompton Hospital in 2009, which is based in London and

serves the international market.

Since 2007, the company has expanded it health insurance and care activities globally. It bought Amity

Group in Australia and Guardian Healthcare in New Zealand as well as Health Dialog in US in 2007/8. This

was the first time that BUPA entered the US market. Health Dialog provides health care analytics and

decision support services to 19 million people in the US and UK, Spain and France.

In June 2008, Bupa Australia merged with MBF but in March 2010 it sold this business, the Life Insurance

and Wealth Management business (MBF Life and ClearView) to MMC Contrarian Limited (MMC) and has

now entered a ‘distribution alliance’ with MMC. BUPA is still consolidating its presence in Australia and

seems to be concentrating on both health insurance and care homes.

BUPA has also set up a joint insurance venture with Max India, which will be launched in 2010. The

company also provides health insurance in Thailand and Hong Kong, It has sold primary care services

which is used to run in Asia. It has a partnership with one of the largest health insurers in Saudi Arabia.

BUPA’s major European subsidiary is Sanitas, a Spanish health insurer and healthcare provider, which was

incorporated into BUPA in 1989. In September 2006, Sanitas, won a government tender to build and run a

large new public hospital in Manises, Valencia. The 15 year PFI contract for the Valencia government

involves building and managing the new hospital as well as updating and running primary care centres in the

region, building a new health centre in Turis and renovating a specialist centre in Aldaya. Sanitas has

formed a consortium with Ribera Salud, (Sanitas 60%: Ribera Salud 40%),

42

which is owned by Bancaja and

PSIRU University of Greenwich

 

Caja Mediterraneo, two Spanish banks. The project is worth €137 million. The Horta Manises hospital has

now opened. Sanitas has two other hospitals, both in Madrid.

In 2007, the Sanitas group acquired Sanitas Residencial, BUPA Group’s Spanish care home provider,

bought the Euroresidencias’ care home and day centre portfolio from the Spanish company Saarema

Inversiones. This made Sanitas, the second largest provider of long term care in Spain.

BUPA employs 52,000 employees worldwide. Sanitas employs 5,295. There are no specific figures given

for the number of employees in the UK but out of a total of £56.5 million revenue from BUPA care homes in

the UK, £30 million was spent on staff costs. If a care worker is estimated to earn about £20,000 – 30,000

per year, including employer costs, this suggests that BUPA employs at least 1,000 full time workers in its

care homes.