AIA Philippines completed acquisition of medicard

AIA Philippines completed acquisition of medicard

AIA Philippines announce that it has completed its acquisition of MediCard Philippines Inc., one of the leading health maintenance organization in the country.

The acquisition was completed after receiving all necessary regulatory approvals from the Insurance Commission and the Philippine Competition Commission.

Kelvin Ang, AIA Philippines chief executive officer said with AIA Philippines and MediCard coming together, they will be in the best position to capture opportunities that will help them remain the leading brand that addresses the protection, long-term savings, and healthcare needs of Filipinos. Dr. Nicky Montoya, MediCard’s president and chief executive officer, said Filipinos can expect MediCard to provide broader, more efficient and more effective health coverage and care services in the future. (PR)

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