AIA Philippines completed the acquisition of MediCard Philippine, Inc., one of the leading health maintenance organizations in the country.
It said it completed the acquisition after receiving all necessary regulatory approvals from the Insurance Commission and the Philippine Competition Commission.
“With AIA Philippines and MediCard coming together, we will be in the best position to capture opportunities that will help us remain the leading brand that addresses the protection, long-term savings, and healthcare needs of Filipinos. This will go a long way towards the fulfillment of our Purpose of helping more people live Healthier, Longer, Better Lives,” AIA Philippines chief executive Kelvin Ang said.
MediCard president and chief executive Dr. Nicky Montoya said they are excited at the work ahead as part of AIA Philippines, “where we will be able to further expand our propositions, allowing us to address the ever-growing needs of our customers.”
“Filipinos can expect MediCard to provide broader, more efficient, and more effective health coverage and care services in the future,” Montoya said.
