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Bupa pays €400m for Poland's top healthcare firm


2012-12-31



Bupa, a leading global healthcare provider, on 21 December announced the acquisition of Lux Med, Poland’s number one private medical company, from Mid Europa Partners in a deal worth €400m. The transaction is subject to antitrust clearance and is expected to be finalised in two to three months.

In the words of Stuart Fletcher, Bupa CEO, the takeover of Lux Med gives the group an excellent platform for further growth on the Polish market. Both parties’ expertise in integrating and developing healthcare funding and provision services will fuel growth and innovation in healthcare in Poland, he said. Bupa considers Poland as one of the most attractive markets in Central and Eastern Europe due to its large population, rising disposable incomes, and long-term growth potential, with steadily increasing healthcare spending and with its private healthcare market forecast to grow by 10% a year until 2016.

UK-based Bupa is an internationally active healthcare group with over 52,000 employees worldwide. Its key markets include the UK, Australia, Spain, New Zealand and the USA, as well as Hong Kong, Thailand, Saudi Arabia, India, China and Latin America. It offers personal and company health insurance, runs care homes for older people and hospitals, and provides workplace health services, health assessments and chronic disease management services, including health coaching, and home healthcare.



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