Sanitas already has a significant presence in Madrid, with more than 800,000 private health insurance customers, two private hospitals, eight private medical centres, 42 dental clinics and 13 care homes. Stuart Fletcher, CEO, Bupa, said: “We are committed to partnering with government and state healthcare providers where our expertise can help to benefit the public.
“Our experience in Spain demonstrates how we are able to deliver high quality care while ensuring operational efficiency, meaning healthcare becomes more affordable. “Higher patient satisfaction and reduced length-of-stay compared to government-run hospitals in the region clearly demonstrate the win-win for both patients and the public purse”
The agreement with the Madrid regional government is Bupa’s second PPP in Spain. In 2006, the business signed a 15 year agreement with the Valencian regional government for Sanitas to build and manage a 200 bed public hospital in Manises. Through this PPP, Sanitas is responsible for the healthcare needs of 195,000 people and, in addition to the Manises hospital, operates 22 primary healthcare centres and one long-stay hospital for patients with chronic and mental health conditions. Today, Sanitas is acquiring the remaining 40 percent shareholding in the Manises Hospital, taking its stake up to 100 percent. The combined value of the transactions is £62.3m.