Bupa - Citizendia

Bupa

Type	Company limited by guarantee
Founded	1947
Headquarters	London, UK
Key people	Ray King, CEO
Industry	Healthcare
Revenue	£4,246 million (2006)
Employees	46,000 (2006)
Website	www.bupa.com

Bupa is a healthcare organisation with bases on three continents and more than seven million customers in 192 countries. In British or Irish Company law, a company limited by guarantee is an alternative type of Corporation used primarily for Non-profit London ( ˈlʌndən is the capital and largest urban area in the United Kingdom. The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK or Britain,is a Sovereign state located A chief executive officer ( CEO) or chief executive is typically the highest-ranking corporate officer ( executive) or administrator For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" Health care is the prevention treatment and management of illness and the preservation of mental health through the services offered by the medical, Nursing In business revenue or revenues is Income that a company receives from its normal business activities usually from the sale of goods and services See also Pound (currency.The pound sign (" £ " or " ₤ " is the symbol for the Pound sterling —the currency of the Employment is a Contract between two parties, one being the employer and the other being the employee. A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages Health care is the prevention treatment and management of illness and the preservation of mental health through the services offered by the medical, Nursing

1 Overview and history
2 A global health and care specialist
3 Corporate status
4 Medical research
5 Leadership
6 References
7 External links

Overview and history

Bupa began as The British United Provident Association in 1947. Its biggest and original business is health insurance in the UK for individuals, companies and other organisations. The term health insurance is generally used to describe a form of Insurance that pays for medical expenses The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK or Britain,is a Sovereign state located More than half of the UK's top companies are Bupa customers.

Bupa insures over 8. 1 million people worldwide. The company has its head office in central London, with main contact centres in Salford Quays and Staines. London ( ˈlʌndən is the capital and largest urban area in the United Kingdom. Salford Quays is an area of Salford, in Greater Manchester, England, near the end of the Manchester Ship Canal. Staines is a Thames -side town in the Spelthorne borough of Surrey and part of the London Commuter Belt of South East England, Bupa also has offices in Brighton (Bupa International), Bristol (Bupa Health Assurance), Ashford, Surrey (Information Systems) and Leeds (Bupa Care Services). Brighton ( is a town on the south coast of England and with its neighbour Hove, forms the city of Brighton and Hove. Bristol ( ˈbrɪstəl is a city, Unitary authority and ceremonial county in South West England, west of London Ashford is a town almost entirely in the Surrey borough of Spelthorne in England, with a small part falling within Greater London Leeds ( is located on the River Aire in West Yorkshire, England The company is known for its sponsorship of main events, such as the Great Manchester Run, Great North Run, held annually in Newcastle upon Tyne, and the Great South Run, held annually in Portsmouth. The BUPA Great Manchester Run is a 10 km run through the streets in Manchester City Centre, which was established in 2003 The BUPA Great North Run is the world's most popular Half marathon Road running event Newcastle upon Tyne ( (often shortened to Newcastle) is a city and Metropolitan borough of Tyne and Wear, England The BUPA Great South Run is part of the Great Run series It takes place over a distance of 10 miles in the city of Portsmouth, on the English south coast History See also History of Portsmouth There have been settlements in the area since before Roman times mostly being offshoots of Portchester, which Bupa staff take calls for Comic Relief during the appeal. Comic relief is the inclusion of a humorous character or scene or witty dialogue in an otherwise serious work often to relieve tension

A global health and care specialist

Bupa is an internationally established health insurance and care specialist with services that include:

Bupa has businesses in Asia, Australia, Saudi Arabia and Thailand. The term health insurance is generally used to describe a form of Insurance that pays for medical expenses SNF redirects here For the sports show see NBC Sunday Night Football. A health assessment is a plan of care that identifies the specific needs of the client and how those needs will be addressed by the facility Childcare (also written child care and babycare is the act of caring for and supervising minor Children (In Australia Daycare is referred For a topic outline on this subject see List of basic Australia topics. The Kingdom of Saudi Arabia, KSA ( المملكة العربية السعودية, al-Mamlaka al-ʻArabiyya as-Suʻūdiyya) or Suudi The Kingdom of Thailand (ˈtaɪlænd ราชอาณาจักรไทย, râːtɕʰa-ʔaːnaːtɕɑ̀k-tʰɑj It also owns several healthcare companies overseas including Spain's largest healthcare company, Sanitas, and acquired IHI Danmark (Copenhagen, Denmark) and Amedex (Miami, USA) in September 2005. Spain () or the Kingdom of Spain (Reino de España is a country located mostly in southwestern Europe on the Iberian Peninsula. Sanitas is the Spanish arm of the Bupa Group which has a large number of private Hospitals, care homes and Copenhagen (ˌkəʊpənˈheɪgən ˌkəʊpənˈhɑːgən ˈkəʊpənˌheɪgən ˈkəʊpənˌhɑːgən kʰøb̥ənˈhɑʊ̯ˀn kʰøb̥m̩ˈhɑʊ̯ˀn is the capital and largest city The Kingdom of Denmark ( ˈd̥ænmɑɡ̊ (archaic ˈd̥anmɑːɡ̊ commonly known as Denmark, is a country in the Scandinavian region of northern Europe The United States of America —commonly referred to as the In November 2006 Bupa acquired Clinovia, the UK’s home healthcare specialist, in a move that gave BUPA new opportunities in the expanding out of hospital care market.

On 14th December 2006, Bupa announced it would leave the Irish market following a warning that the company would have to pay €161m over the next three years to support its main rival, Vhi Healthcare, who demanded that "risk equalisation" would be required to be subsidised from Bupa. The euro sign (€ is the Currency sign used for the Euro, the official currency of the European Union (EU The Voluntary Health Insurance Board ( An Bord Árachais Sláinte Shaorálaigh in Irish language) - which trades under the brand name VHI Healthcare, and Vhi Heathcare has more older members, which results in more claims, and that the health insurance market would need to help them, to keep providing the services. Risk equalisation between insurance funds is common practice in several European competitive insurance practice. Bupa Ireland operated from its corporate headquarters in Dublin, and its call centre in Fermoy, Co. Dublin (ˈdʌblɨn/ /ˈdʊblɨn or /ˈdʊbəlɪn/, bˠalʲə aːha klʲiəh or cliə(ɸ is both the largest city and capital of Ireland. Fermoy ( in County Cork, Ireland is a Town of some 5800 inhabitants environs included (2006 census situated on the River Blackwater in Cork. On January 31st 2007, Bupa Ireland announced a takeover agreement with Quinn Group, resulting in Bupa Ireland transferring around 750,000 members and saving over 300 jobs. The QUINN group is a Business group headquartered in Derrylin, County Fermanagh, Northern Ireland. ^[1] The takeover was concluded on 17 April 2007 when the outfit was fully relaunched as Quinn Healthcare.

In June 2007 Bupa announced that it had agreed to sell its hospitals business, comprising 25 hospitals, to the European private equity firm, Cinven for £1. Cinven is a European Private equity firm founded in 1977 with offices in London, Paris, Frankfurt, and Milan. 44 billion ($2. 8 billion) (Euro 2. 13 billion). The Bupa Board stressed that the sale would have no effect on holders of Bupa health insurance in the UK, who will have access to the same range of hospitals they currently have. ^[2]

In December 2007, Bupa announced the purchase of Health Dialog, a US provider of Care Management services. Health Dialog is a wholly-owned subsidiary of BUPA, and is a leading provider of care management through decision-support and Evidence-based medicine – and one ^[3] BUPA had been a founding investor of Health Dialog since its inception, and with purchased the remaining shares of the company in order to help Health Dialog expand internationally.

BUPA logo (1984 - 2008)

On 1 January 2008, Bupa's logo for it's American business changed. A logo ( Greek el λογότυπος = el-Latn logotypos is a graphical element ( Ideogram, Symbol, Emblem, Icon, Sign) The UK logo changed on 1 April 2008 after 27 years, and became known as Bupa rather than BUPA.

On 17 March, Bupa acquired the Cromwell Hospital in London. Cromwell Hospital is a private sector Hospital located in the South Kensington area of London. London ( ˈlʌndən is the capital and largest urban area in the United Kingdom. On 14 May, approval was given for the merger between Bupa's Australian arm and insurance group MBF, which also includes HBA and Mutual Community. Events 1264 - Battle of Lewes: Henry III of England is captured in France making Simon de Montfort the ^[4]

On 15 May 2008, Bupa International and [International Medical Insurers] had their launch event to celebrate their collaboration. This makes International Medical Insurers(IMI) the sole distributor for BUPA plans in Singapore.

Corporate status

Bupa is a provident association meaning it has no shareholders and therefore doesn't pay a dividend. As such it reinvests its surpluses into improved health and care facilities such as medical equipment, the latest technology and buildings. ^[5]

Medical research

Bupa annually awards nearly £2. 5 million in grants to the Bupa Foundation, an independent charitable foundation that supports projects to advance medical knowledge and improve treatments. A foundation is a legal categorization of Nonprofit organizations.

Leadership

Ray King, who was previously Bupa's Finance Director, took over from Val Gooding as Chief Executive on 19th May 2008.

References

External links

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