Bupa completes sale of BHA
International healthcare group Bupa has announced that the sale of its UK-based protection and risk business, Bupa Health Assurance Limited (BHA), to Resolution Ltd has been completed.
The deal, worth £168.15m, represents 79% of the forecast embedded value on a Bupa basis.
The sale of BHA comes as part of Bupa’s strategic move to focus upon its healthcare businesses, including UK-based health insurance products and services.
The sale of BHA, which includes Bupa Individual Protection and Bupa Group Risk and was first announced in October, does not affect Bupa’s health insurance business.
Bupa Health & Wellbeing MD Dr Natalie-Jane Macdonald explained that the firm’s top priority was to provide quality healthcare products and services to its customers.
Dr. Macdonald went on to say that the sale of BHA was in line with Bupa’s commitment to healthcare provision and would enable BHA to benefit from joining a business committed to the risk and protection sector.
Category: Insurance News
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