BUPA has announced acquisitions in two of its core businesses.
The company is buying the private health insurer AXA Health Australia for A$595m (£227m) in a consortium with Australia's Macquarie Bank. The deal is still subject to due diligence and is expected to be completed by August.
In a separate UK deal, the group has bought 13 care homes from Ashbourne KW Ltd, an operating subsidiary of Ashbourne Consolidated Group, for £59m.
BUPA chief executive Val Gooding commented: "The acquisition in Australia extends our overseas portfolio and in particular our business interests in the Asia Pacific region, which we have previously identified as an area of potential growth."
She added: "BUPA's acquisition of 13 largely purpose-built nursing homes which are well positioned in their local markets extends the geographical coverage of our existing care homes. As well as being excellent homes that complement our current provision, they further expand the range of care we offer to the public."
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
