E
F
Y
Owner:
BUPA
BUPA House
Bloomsbury Way
London WC1A 2BA
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 |
|
5,285 |
BUPA UK Insurance
|
100% |
UK |
BUPA House Bloomsbury Way London WC1A 2BA
|
|
1,000+?
|
BUPA Care Services Ltd
|
100% |
UK |
|
|
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
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
5,285
BUPA UK
Insurance
100% UK BUPA House
Bloomsbury Way
London WC1A 2BA
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.