I-SOS and GEM form joint venture
Medical and travel security risk services company International SOS (I-SOS), and medical cost containment firm Global Excel Management (GEM), recently announced a joint venture partnership, in which the companies aim to 'leverage mutual healthcare capabilities and services in the Asia Pacific region'. The joint venture in IMS Singapore has been formed between Global Excel and International SOS with Global Excel owning a controlling majority. PT Prima Sarana Jasa is the Indonesian subsidiary of IMS Singapore, and offers a full range of TPA services, such as medical case management, claims adjudication, and provider network management, to corporations and individuals in that area.
Reg Allatt, CEO and owner of Global Excel Management, said of the deal: “This partnership marks the first investment for Global Excel in this region and underscores the company's commitment to strategic global expansion through organic growth and qualified acquisitions. Our objective is very simple - to grow and create new opportunities by combining the industry leading strengths of both entities in this new partnership.”
Laurent Sabourin, group managing director of International SOS, added: “International SOS is focused on providing the best possible service and support for our customers, and this new joint venture will continue to deliver on this commitment in the Asia region. We have extensive experience in identifying and driving successful joint ventures and partnerships to complement and strengthen our wholly owned International SOS operations.”