founded 1947 headquarters london united kingdom key people evelyn bourke ceo products health insurance care homes health at work services hospitals dental clinics health assessments revenue 9.8 billion gbp 2014 net income 637.8 million gbp 2014 number of employees 84 000 2016 website www.bupa.com bupa pronounced bu p is an international healthcare group with its origins and headquarters in the united kingdom but now serving 32 million customers in 190 countries . it is a private healthcare company as opposed to the uk s national health service nhs which is a tax funded healthcare system . history edit bupa originally the british united provident association was established in 1947 when 17 british provident associations joined together to provide healthcare for the general public . the firm is a private company limited by guarantee ; it has no shareholders and any profits after tax are reinvested in the business . the service offered by bupa began as private medical insurance offering policies to individuals companies and other organisations and eventually expanded to include privately run bupa hospitals . in 2007 the company announced the sale of its uk hospitals to spire healthcare . 1 however during 2008 the firm acquired the london based cromwell hospital flagship hospital to provide healthcare to its members and other private patients including medical tourists from outside the uk . approval was given in the same year for a merger between bupa s australian arm which until then comprised hba and mutual community and insurance group mbf . 2 the merger created what is now australia s largest private health insurance group with 3.98 m lives covered . on 1 december 2008 clinovia s name was changed to bupa home healthcare . 3 in october 2010 the firm sold bupa health assurance to resolution limited and it has been rebranded as part of friends life . 4 in the end of 2012 bupa acquired the largest private healthcare network in poland lux med from the private equity fund mid europa partners for 400m . 5 in february 2015 bupa acquired a controlling share in chilean private healthcare network cruz blanca which has a 21 % share in the local market . 6 it emerged in january 2016 that the company was to sell its domiciliary care business which provided care to around 35 500 people to celesio ag . 7 over the years it has diversified away from its core health insurance business and is now an international healthcare company with services that include travel insurance health insurance care homes expatriate insurance 8 health assessments occupational health services and hospitals . since the health and social care act 2012 came into force in april 2013 bupa has won the single highest value contract a 235m deal to provide musculoskeletal services in west sussex jointly with central surrey health in november 2014 . 9 operations edit the company has its head office in central london with main uk contact centres in staines and salford quays . there are also offices in brighton bupa international leeds bupa care services and harlow bupa home healthcare in the uk adelaide brisbane sydney and melbourne in australia bupa australia and bupa aged care australia chile bupa chile new delhi max bupa madrid sanitas boston health dialog beijing bupa china hong kong bupa asia jeddah bupa arabia bangkok bupa thailand and miami bupa sanitas offices in madrid spain . the firm also owns several healthcare companies overseas including spain s largest healthcare company sanitas and acquired ihi danmark and amedex miami us in september 2005 . in november 2006 it acquired clinovia now known as bupa home healthcare in a move that gave bupa new opportunities in out of hospital care . in december 2007 it purchased dca agedcare group in australia and new zealand making it a leading player in these markets . also in december 2007 it announced the purchase of health dialog 10 a provider of chronic condition management and shared decision making services . the firm has entered the indian health insurance market through a joint venture with the local conglomerate max india called max bupa health insurance limited . 11 in the middle east bupa has entered into a jv partnership with nazer group a family owned diversied holding company and created bupa middle east in 1997 operating out of bahrain and when health insurance regulation issues arose in saudi arabia the company was floated on saudi stock market as bupa arabia whicb is currently the leading health insurance company in saudi arabia . according to stuart fletcher in 2013 there was a 6 per cent decline in the number of individuals covered by private health insurance and the people who are more likely to claim are the least likely to drop the insurance so the risk pool is deteriorating . bupa has protected its profits by reducing payments to consultants . this provoked the british medical association to complain to the competition commission which published a report into the private healthcare sector in 2013 probing insurers power over consultants fees . it decided that by trying to keep prices down and promote competition bupa was doing exactly what customers would expect . but it did warn that companies like bupa need to ensure they communicate better with policyholders about what their premiums entitle them to . 12 bupa s former irish subsidiary bupa ireland was set up in 1996 and eventually had 300 employees in fermoy co cork and 475 000 members a 22 % share of the irish market . in 2006 it announced its intention to close in response to the irish government s policy of risk equalisation . 13 in 2007 the business was bought by the quinn group and traded as quinn healthcare . 14 since 2012 it has been trading as laya healthcare . 15 references edit wikimedia commons has media related to bupa . bupa sells hospitals to private equity firm guardian uk mbf bupa merger gets court go ahead australian broadcasting corporation bupa home healthcare website bupa insurance operation snapped up by resolution financial times mid europa completes the sale of lux med to bupa . mid europa . retrieved 16 november 2015 . grupo ingl s bupa sanitas negocia compra de cruz blanca y pagar alto premio por acci n . lasegunda.com . retrieved 16 november 2015 . celesio in exclusivity to acquire bupa s home care division . health investor . 21 january 2016 . retrieved 27 january 2016 . global health insurance . bupa . 22 november 2015 . retrieved 25 november 2015 . private firms on course to net 9bn of nhs contracts . guardian . 19 november 2014 . retrieved 20 november 2014 . health dialog sold in 775m deal boston business journal max india press release new delhi 11 july 2008 . city interview boss stuart fletcher fighting the flab at bupa . this is money . 1 january 2014 . retrieved 3 january 2014 . bupa to withdraw from irish market . rte.ie . 14 december 2006 . retrieved 16 november 2015 . mj flood technology . aventas group welcome to aventas group . quinn group.com . retrieved 16 november 2015 . our story our people laya healthcare ireland . layahealthcare.ie . retrieved 16 november 2015 . v t e major insurance and reinsurance companies insurance composite aegon ageas aig allianz allstate aon aviva axa china pacific insurance china taiping generali ing japan post insurance national mutual insurance federation of agricultural cooperatives ping an insurance prudential plc pzu state farm insurance the hartford unipol unipolsai usaa vienna insurance group zurich insurance group farmers insurance group general insurance berkshire hathaway bnp paribas bradesco seguros direct line group hyundai marine & fire insurance if p & c insurance insurance australia group liberty mutual mapfre ms & ad insurance group picc qbe insurance rsa insurance group samsung fire & marine insurance sompo japan tokio marine travelers xl group life insurance aia aviva bupa china life cnp assurances dai ichi life great eastern jackson legal & general lic india lincoln manulife financial meiji yasuda life metlife new york life nippon life northwestern mutual old mutual phoenix group prudential financial samsung life scottish widows standard life sumitomo life sun life swiss life taikang life reinsurance gen re hannover re lloyd s of london munich re reinsurance group of america scor swiss re xl group methodology applicable fy2013 14 revenues of over us 3 billion retrieved from https en.wikipedia.org w index.php title bupa & oldid 739008300 categories health care companies of the united kingdomcompanies based in londoncompanies established in 1947private companies limited by guarantee of the united kingdom1947 establishments in the united kingdombritish brandshidden categories use british english from march 2014commons category with local link same as on wikidatause dmy dates from february 2011 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation 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