Bupa in $355M acquisition in China
Bupa has announced that it is to acquire Quality HealthCare Medical Services the largest private clinic network in Hong Kong, for US $355 million, from Fortis Healthcare.
The acquisition is expected to be completed by the end of October 2013. 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.”