Aetna expands Asian presence by acquiring Bupa Thailand

[webfact]

Aetna expands Asian presence by acquiring Bupa Thailand

By The Nation

 

BANGKOK: -- Leading global healthcare benefits provider Aetna announced on Tuesday that it had acquired the Bupa Group’s Thai business, Bupa Thailand, for an undisclosed sum.
 

The acquisition will significantly increase US-based Aetna’s presence in Asia, and is key to the company’s strategy to go “broader and deeper” into local healthcare markets.

 

Aetna’s expertise, coupled with Bupa Thailand’s in-depth knowledge of the local healthcare system and culture, will ultimately offer customers in Thailand broader choice and continue to build on Bupa Thailand’s first-rate service, the company said.

 

“This is a significant and exciting expansion for Aetna in Asia, and clearly demonstrates our commitment to investment and growth in the region and globally,” said Richard di Benedetto, president of Aetna International. 

 

“Thailand is an important market for us, with increasing local wealth driving greater adoption of health insurance. Aetna’s wide product portfolio, together with an excellent talent and knowledge base transferring from Bupa, will put us in a very strong position in the local market,” he added.

 

Bupa Thailand, which was established more than 30 years ago, is the Kingdom’s leading specialist health insurer, with more than 300,000 members and a network of over 400 healthcare providers around the country. 

 

Bupa Thailand will continue to operate under the Bupa brand for a short time, before rebranding as Aetna.

 

Aetna International serves more than 700,000 members worldwide, including expatriates, local nationals and business travellers.

UK-based Bupa Group employs over 86,000 people, principally in the UK, Australia, Spain, Hong Kong, Poland, New Zealand, Chile, Brazil, China, Saudi Arabia, India and the US.

 

Source: http://www.nationmultimedia.com/detail/Corporate/30321765

 

-- © Copyright The Nation 2017-07-26

[VocalNeal]

Aetna is a health care provider? Well, knock me down with a feather. I didn't think they had any hospitals I thought they were simply an insurance company. Oh wait...they still are.

Edited July 26, 2017 by VocalNeal

[abrahamzvi]

I really hope that BUPA in Thailand will provide the same service as under the supervision and management of one of the best Health Insurance Companies, worldwide - BUPA Ltd in the UK. My wife and daughters have been insured with BUPA in Thailand fr years now (I still have a private health insurance through my ex US employers, but used to be insured under a group program with BUPA in the UK, before they switched to a US insurer, and have always been extremely pleased with their services), and until some 2 years ago, I used to have difficulties with nearly every claim I used to lodge with them for my wife and daughters. I eventually wrote to their HO in the UK, got an immediate reply, an apology from BUPA Thailand and since then, BUPA Thailand has been providing excellent service . I do hope that under Aetna the same service will continue. Let us hope so!!!!!!!

[hansnl]

2 hours ago, VocalNeal said:

Aetna is a health care provider? Well, knock me down with a feather. I didn't think they had any hospitals I thought they were simply an insurance company. Oh wait...they still are.

And being an American company, I am afraid the customers benefits will be minimised as far as possible.

[lordblackader]

Might be time to start looking for a new health insurance company. Bupa is great, this mob from America not even remotely close. 

[tryasimight]

Richard di Benedetto........sounds like a vampire just lusting for blood

[CharlieH]

Off topic post removed. We have a "Health" forum if you wish to post there.

[PeVee1st]

Of course they want a share of the Thai market ripping off villagers with worthless life insurance!!