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Bupa puts home care division up for sale

Bupa has hired KPMG to sell its domiciliary care division, according to the Sunday Times.

Bupa Home Healthcare provides home care services, ranging from medication delivery to specialist nursing care, to around 35,500 people.

The division however has been problematic for the healthcare group, which had to write £32.8 million off its value in 2013 due to low public sector fees.

It currently has a turnover of £388 million.

For the six months ended 30 June 2015, underlying profits at Bupa’s whole UK business fell by 10% to £55.4 million compared to £61.3 million for the same period last year.

At the time Bupa chief executive Stuart Fletcher said the firm had made "steady progress in the first half of 2015, despite a challenging backdrop".

It has been reported that Bupa will look to sell its care home division next.

Bupa created its home healthcare division through the acquisition of Clinovia for £90 million from Lyceum Capital in 2006.


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Posted on: 10/09/2015

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