The world-renowned Cromwell Hospital in West London has been sold to health insurer Bupa.
The deal with Belfast-based owners Ballyrogan Holdings valued the hospital at more than £90 million. The 128 bed Kensington-based Cromwell is a private hospital well-known for its pioneering of state-of-the-art medical equipment and cancer services and also has particular expertise in neuroscience and paediatrics. About 600 consultants practise there, mainly drawn from London teaching hospitals, covering over 70 different specialities.
Cromwell Hospital is renowned for being the first to invest in some of the UK's leading edge equipment and cancer services. It also has expertise in neurosciences and paediatrics.
Bupa will be investing a further £30 million over the next two years in creating a flagship private hospital for private patients.
Fergus Kee, of Bupa, says: "We believe there is tremendous opportunity to introduce modern, innovative ways of delivering healthcare in the capital offering high quality levels of customer service, clinical excellence and more cost effective care."
Private medical insurance: News update: April 2008