Insurer AIA acquires healthcare firm in the Philippines
Add BT as a preferred source
ASIA-focused insurer AIA Group said on Wednesday (Sep 28) that it has agreed to buy MediCard, which provides healthcare services in the Philippines, to expand in one of the fastest-growing healthcare markets in the region.
The deal is subject to regulatory approvals, the insurer said in a statement without giving any financial details.
MediCard is a healthcare and health service provider in the Philippines with more than 920,000 members. It has a network of over 1,000 partner hospitals and clinics, and 26 MediCard-owned clinics located in key cities across the country.
Headquartered in Hong Kong, AIA has a presence in 18 markets across the region, with China and Hong Kong accounting for bulk of its business. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Singapore at 61: How we can ensure opportunity, security and ownership for the next generation
With tech for fact-checking to cancer care, Singapore startups aim beyond home
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
Why Asean matters more than ever to the UK and Singapore
