International healthcare group Bupa has announced its second public private partnership (PPP) in Spain.
Bupas Spanish business Sanitas and the Madrid regional government signed an agreement whereby Sanitas will manage the 250-bed Torrejón Hospital.
The agreement lasts for a period of 30 years and covers 136,000 people living in Madrid and the surrounding area.
Medical management for the Torrejón Hospital now becomes Sanitas responsibility, with the firm acquiring a 50% stake in the PPP.
Sanitas already serves 800,000 private health insurance customers in Madrid and has two private hospitals, eight private medical centres, 42 dental clinics and 13 care homes in the region.
Bupa Chief Executive Officer Stuart Fletcher said that the firm was committed to partnering government and state healthcare providers to help the public.
Six years ago Bupa signed a 15 year agreement with the Valencian regional government for Sanitas to construct and run a 200 bed public hospital in Manises.