Aetna Inc. announced on 25 July that it had acquired the Bupa Group’s Thai business, Bupa Thailand, for an undisclosed sum. The acquisition will significantly increase Aetna’s presence in Asia, and is key to the company’s strategy to go ‘broader and deeper’ into local healthcare markets.
The company said: “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.”
“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.”