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Bupa to acquire Quality HealthCare for USD355 million
Bupa, the international healthcare group, has announced it is acquiring Quality HealthCare Medical Services (Quality HealthCare), the largest private clinic network in Hong Kong, for USD355 million, from Fortis Healthcare.
The Asset 15 Oct 2013

Bupa, the international healthcare group, has announced it is acquiring Quality HealthCare Medical Services (Quality HealthCare), the largest private clinic network in Hong Kong, for US$355 million, from Fortis Healthcare.

 
As an international healthcare group with no shareholders and over 14 million customers worldwide, Bupa provides Quality HealthCare with financial strength, international healthcare expertise and a long-term commitment to continually improving the quality and affordability of healthcare in Hong Kong. The acquisition also makes Bupa the leading provider in terms of depth and breadth of service in Hong Kong’s healthcare market, with a strong platform for future growth in the region.  
 
Stuart Fletcher, CEO of Bupa, said, “Quality HealthCare is a successful, well managed business that has a great future with Bupa. We both share a strong and common vision of providing high quality and affordable healthcare to people in Hong Kong. Together, we will be completely focused on delivering Bupa’s purpose of longer, healthier, happier lives to millions more people in Hong Kong.”
 
As a part of the transaction, Paul Li will continue to lead the business as CEO of Quality HealthCare, supported by his existing senior management team.
 
Commenting on the acquisition,  Li said, “Joining Bupa is an exciting step in Quality HealthCare’s growth and evolution. By combining our experience of delivering care to millions of people in Hong Kong with Bupa’s international expertise in healthcare, we will continue to grow our business and provide access to high quality healthcare to our family of customers in the market.”
 
With no shareholders, and all profits being reinvested for the benefit of customers and wider-society, Bupa takes a long-term perspective and has the resources to invest in the continued development of Quality HealthCare and support the management team in their strategic plans for growth. 
 
The acquisition is anticipated to complete by end of October.

 

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