Bangkok, July 25, 2017 - Aetna Inc., a leading global provider of health care benefits, today announced that it has acquired Bupa Thailand, the Thai arm of the Bupa Group, to expand its business in the Asian market. The purchase price was not disclosed. The acquisition will significantly increase Aetna's presence in Asia and is a key step in the company's strategy to engage "more broadly and more deeply" in local health care markets.
Aetna's expertise, combined with Bupa Thailand's deep understanding of the local health care system and culture, will continue to build on Bupa Thailand's first-class service to offer Thai customers a wider range of health care options.
Richard di Benedetto, President of Aetna International, said: "This is Aetna's most exciting and significant expansion in Asia, and it clearly demonstrates Aetna's commitment to investment and growth in Asia and globally. Thailand is an important market for Aetna, and growing local affluence is driving greater adoption of health insurance. Aetna's broad product portfolio, together with the outstanding talent and knowledge base from Bupa, will put us in a very strong position in the local market."
Founded more than 30 years ago, Bupa Thailand is Thailand's leading specialist medical insurer. The company has more than 300,000 members and a network of more than 400 health care providers nationwide. After the acquisition is completed, Bupa Thailand will continue to operate under the Bupa brand for a period of time before being rebranded as Aetna.
About Aetna International
Aetna International is committed to helping build a stronger, healthier global community by delivering comprehensive health care benefits and population health solutions worldwide. Aetna International is one of the world's largest international health benefits and services providers, serving more than 700,000 people worldwide, including expatriates, local nationals and business travelers. Its global benefits include medical, dental, vision and emergency assistance, and in certain regions also life and disability coverage. Aetna International also provides customized technology and health management solutions for health care systems, government agencies and large employers to improve people's health, raise the quality of care and control costs. For more information, please visit www.aetnainternational.com.
About Aetna
Aetna is one of America's leading diversified health care benefits companies, providing information and resources to approximately 45 million people to help them make more informed decisions. Aetna offers a broad range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, as well as medical management capabilities, Medicaid health care management services, workers' compensation, administrative services and health information technology products and services. Aetna's customers include employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, government units, government-sponsored programs, labor groups and expatriates. For more information, please visit www.aetna.com to learn how Aetna is helping to build a healthier world.
About Bupa Thailand
Founded more than 30 years ago, Bupa Thailand is Thailand's leading specialist medical insurer. The company has more than 300,000 members and a network of more than 400 health care providers nationwide. After the acquisition is completed, Bupa Thailand will continue to operate under the Bupa brand for a period of time before being rebranded as Aetna.
About Bupa
Bupa's purpose is to help people live longer, healthier, happier lives. As a company limited by guarantee with no shareholders, we are able to put customers first, reinvesting profits to provide more and better health care for current and future customers. Bupa's more than 86,000 employees are based in the United Kingdom, Australia, Spain, Hong Kong, Poland, New Zealand, Chile, Brazil, China, Saudi Arabia, India and the United States. About 70% of Bupa's revenue comes from health insurance, with the remainder from health care provision. Bupa funds health care around the world and operates clinics, dental centers, hospitals, care homes and retirement villages in multiple countries.
Source: China.com.cn 2017-07