Staff Reporter
,
Philippines
Stock photo. Credits to Unsplash.
The deal could raise the value of the healthcare provider to $350m.
Insurance giant AIA is in discussions to acquire MediCard Philippines, Inc. according to a report by Bloomberg.
The move is part of AIA’s plans in expanding its footprint in Southeast Asia, according to sources.
ALSO READ: Sun Life signs MoU with Community Chest
The report said that AIA and MediCard are finalising the details of the transaction and could potentially reach an agreement in the next weeks after the Hong Kong-based insurer outbid other insurers and investment funds. The deal could raise the value of MediCard to more than $350m
Join Insurance Asia community
Since you're here...
...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!