The Quinn Group (www.quinn-group.com), headed by Teemore Business man Sean Quinn, has purchased Bupa Ireland Ltd. (www.bupa.ie) The takeover will secure the jobs of over 300 employees in Fermoy, Co. Cork. In their press releases they cite that all jobs will remain and there won’t be a policy price increase in 2007.
From their press release : Quinn Group Chairman, Sean Quinn, said that the move was significant for the group. “We believe our agreement with BUPA presents an opportunity for real competition in the Irish Health Insurance Market. In all of our businesses, we operate in an open and competitive environment and we trust that the report of the review group established by the Minister for Health, Mary Harney TD, and other initiatives, will lead to a more open and competitive landscape in this market.”
“Our announcement of a price freeze in 2007 demonstrates our commitment to delivering value to health consumers in the Irish market over the longer term. BUPA Ireland are a fine organisation who’ve brought innovation and choice to Irish consumers and we look forward to working with the team in Fermoy to grow the business.”
In December ourselves and other people in Ireland  worried about the future, so now we can rest easy with the fact that there will be competition in the Irish Private Health Insurance Market. Finally we have some good news to bring to our readers !