Business
Bupa acquisition of Partnered Health expands Australian clinic network
Bupa has agreed to acquire Partnered Health Group, adding 71 clinics and workplace health services to its Australian operations. The deal, subject to regulatory approval, expands Bupa's presence in primary care, urgent care and mental health services while bringing more than 2.2 million patients into its network.
Insurance giant Bupa has struck a deal to buy one of Australia’s biggest primary care networks as the company continues its move into areas beyond insurance, adding more healthcare services and businesses across the country.
The proposed acquisition of Partnered Health Group includes 68 primary care clinics, three urgent care clinics, occupational health, and psychological services and employee assistance programs across Australia.
Partnered Health works with more than 2.2 million patients, and its network includes more than 2,500 corporate customers, through a range of medical centers and workplaces health services, the parties said in a joint statement on Tuesday.
Bupa has been steadily broadening its healthcare operations as it looks to generate more revenue from outside its core insurance business and enhance the care of members across the Asia Pacific. The proposed deal, the value of which was not disclosed, would need to be approved by the Australian Competition and Consumer Commission and Foreign Investment Review Board.
Prior to this transaction, Bupa owned 32 medical centers and 13 Mindplace mental health clinics, a business focused on community mental health and well-being.
The addition of Partnered Health would also bring Bupa significant new exposure in general practice, urgent care, mental health, allied health and workplace health services.
Australia’s health sector has seen increased consolidation, especially in primary care and community-based care, as insurers, health care providers and private investment firms sought increased scale. For years, insurers have faced a challenge of increasing claims related to private hospitals while seeing their margins compressed, leading them to search for diversified growth opportunities.
Bupa’s move would allow it to improve access to healthcare and provide clinicians and healthcare professionals throughout the network with support, said managing director for health and care at Bupa Global Mark Fagan.
Bupa recorded revenue of A$18.2 billion ($12.04 billion) in 2025, up 11% on the previous year, while underlying profit gained 16% to A$1.01 billion. The firm recorded an underlying profit of A$244 million for first half of 2025 on revenue of A$3.09 billion for its Asia-Pacific segment, which covers Bupa’s operations in Australia and New Zealand and its Asian businesses including in India and Turkey.
“The acquisition by Bupa represents a significant and positive step for Partnered Health, supporting the continued development of the group’s healthcare services and clinic network,” Partnered Health CEO Dr Malcolm Parmenter said in the statement.
“Working closely with Bupa will allow us to expand our reach and continue to invest in technology, clinical excellence and our teams to deliver even more accessible and high-quality care across Australia,” he added.
Bupa APAC chief executive Nick Stone said that through the acquisition, the company will broaden access to care and strengthen support for clinicians across the group’s extended Australian health services business.
Source: Capital Brief
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