Member Article

£300m deal set to make Darlington company UK’s biggest care homes provider

Darlington-headquartered healthcare management company HC-One is set to acquire 122 care homes from fellow healthcare group Bupa.

Subject to regulatory approval, the transaction is reportedly totalling around £300m.

Bupa will retain around 150 care homes and six Richmond Villages caring for over 9,000 residents, with a further four care homes and two retirement villages under construction.

David Hynam, Chief Executive Officer, Bupa UK, said: “We remain one of the main providers of residential care in the UK, and a major investor in the sector. This move enables us to focus our investment to continue to provide high quality care for our residents, both now and in the future.

“This year, Bupa will invest more than £120m into refurbishing existing homes and building new care homes and retirement villages.

“Bupa and HC-One have a shared commitment to excellence in care. We will work together over the coming months to ensure there is minimal change for residents and their families, and that they continue to receive the high quality care from the same dedicated teams.”

More to follow.