Announced
Financials
Sources
Tags
Health Maintenance Organisation
Private
Philippines
Majority
Friendly
Acquisition
Cross Border
Single Bidder
Health Care Services
Pending
Synopsis
AIA, a Hong Kong-based American multinational insurance and finance corporation, agreed to acquire MediCard Philippines, a health maintenance organisations. Financial terms were not disclosed. “MediCard is a leading health maintenance organisation in the Philippines with an established track record of high-quality services and strong brand recognition among customers and providers. With a focus on comprehensive, affordable and quality healthcare, MediCard brings new customer segments, healthcare assets and capabilities that will help accelerate AIA’s Integrated Health Strategy in the Philippines," Leo Grepin, AIA Regional Chief Executive and Group Chief Strategy Officer.
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