Ramsay Health Care Limited announced that it has issued a notice to private health insurance provider Bupa, to terminate the Hospital Purchaser Provider Agreement between the two parties. Unless a resolution is reached between the parties, Ramsay's contract with Bupa will be terminated with effect from 2nd August 2022 which is t+90 days. Patients booked to be admitted to a Ramsay facility prior to this date will not be impacted by this decision.

Ramsay will continue to accept benefits paid by Bupa for approved treatment provided to Bupa insured patients in accordance with transition requirements under the Hospital Purchaser Provider Agreement and as required by law. After the end of the transitional arrangements, Bupa insured patients will be required to pay an upfront payment on admission, being the difference between the statutory default benefit Bupa is required to pay and Ramsay's hospital treatment costs.