Care home provider Advinia Health Care has added 22 Bupa care homes to its portfolio, bringing the number of care homes in the group to 38.
The company now offers 3,250 beds – an increase of over 500 per cent – and is said to add the company to the ranks of the top 10 private care providers in the UK. More than 3,700 former Bupa staff have transferred with the deal, and no reductions in overall staff numbers are expected.
The care homes that Advinia has added are named below:
The equity for the Advinia purchase, the price of which has not been disclosed, was provided by Dr Sanjeev Kanoria, a liver surgeon and ex-McKinsey consultant from London, who co-founded Advinia with his wife Sangita Kanoria. The group is currently undergoing a period of growth, with plans to invest and develop further to meet the shortfall of care home places in the UK. Dr Kanoria, who chairs the group, said: “We are interested in expansion for sure, but not for its own sake.”