Bupa sale lifts health group
Saturday 02 August 1997
Related articles
Upholding the findings of an investigation by the Office of Fair Trading, Nigel Griffiths, competition and consumer affairs minister at the Department of Trade and Industry, said the merger of the two companies raised concerns over competition in the market for private hospital beds.
The Goldsborough stake gave the healthcare group a "material influence" over IBH, but such concerns "might be addressed by an undertaking from Bupa to divest, and not in future to re-acquire, any interest in IBH," the minister added. Failing that, the bid would be referred to the Monopolies and Mergers Commission.
Bupa is the third-largest provider of private hospitals in the UK, operating 29, to which Goldsborough will add six of its own, with IBH operating a further 11. Peter Jacobs, chief executive of Bupa, said after meeting the OFT yesterday that it had agreed to sell the IBH stake, probably over the next three to six months, and would invite offers. "We haven't agreed the wording of the undertakings, but we are confident we will agree something with the OFT fairly quickly."
-
Exclusive: Woolwich attack suspect attended meetings of banned Islamist group - and were known by security services
-
That's some guestlist! Stunning images show huge dynastic wedding between Ultra-Orthodox Jewish families which attracted 25,000 guests
-
'Sickening, deluded and unforgivable': Horrific attack brings terror to London’s streets
-
World news in pictures
-
Ingrid Loyau-Kennett, the mother-of-two hailed as a hero for confronting Woolwich attackers, thought: 'better me than a child'
- 1 Exclusive: Woolwich attack suspect attended meetings of banned Islamist group - and were known by security services
- 2 'Sickening, deluded and unforgivable': Horrific attack brings terror to London’s streets
- 3 Grace Dent: I’m not sure how these people can avoid being called ‘bigots’. And the more ‘civilised’, the worse they are
- 4 Ingrid Loyau-Kennett, the mother-of-two hailed as a hero for confronting Woolwich attackers, thought: 'better me than a child'
- 5 Woolwich attack: The EDL will seek to exploit this evil crime for their own evil ends
Get your summer started with British Military Fitness
BMF is the UK’s biggest and best loved outdoor fitness classes
Visit York
Find out what The Independent's resident travel expert has to say about one of the most beautiful small cities in the world
Making reading fun for kids
Nook is donating eReaders to volunteers at high-need schools and participating in exclusive events throughout the campaign.
Introducing the 'Get Reading' campaign
Get the latest on The Evening Standard's campaign to get London's children reading.
Enter the latest Independent competitions
Win anything from gadgets to five-star holidays on our competitions and offers page.
Business videos from commercial thought leaders
Watch the best in the business world give their insights into the world of business.
Day In a Page
Edward VIII’s phone calls - and how MI5 bugged them
Hollywood's random acts of red-carpet kindness
Not secure any more: G4S boss heads for exit at last
How to say ‘I’m a sellout’


Comments