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Cinven to acquire BUPA's hospitals for £1.44bn18/06/2007. Source: AltAssets. 
 Cinven has won the auction for the hospital operations and assets of UK healthcare provider BUPA. The European private equity firm has agreed to acquire BUPA's hospitals for a total consideration of £1.44bn.
BUPA's hospitals group is a provider of private medical services in the UK. The group's operations include 1.544 acute beds and assets comprise 25 acute care hospitals located throughout the UK, and a treatment centre in Redhill. Employees total approximately 5,800 and 2007 revenues are forecast to be £457m.
Other private equity firms interested in the deal included CVC, BC Partners, The Blackstone Group and Terra Firma, according to Times Online.
Within the private healthcare market, Cinven currently owns Partnerships in Care, a UK provider of specialist mental health and related services which operates 940 beds in 17 facilities.
Cinven focuses exclusively on creating value in companies headquartered in Europe, which have a minimum enterprise value of €500m. The firm has offices in Frankfurt, London, Milan and Paris.
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