This week Aetna announced the completion of its deal to acquire InterGlobal.
In November last year Aetna announced its plans to acquire UK-based InterGlobal from the group led by majority shareholders, Alchemy Partners. This week Aetna completed the takeover, the terms of which were not released.
InterGlobal, which specialises in individual and group plans in the Middle East, Africa and Asia, has 65,000 members worldwide, which will augment Aetna’s 500,000 members. InterGlobal’s customer base includes individuals and families; employers; diplomatic staff; international schools and affinity groups.
“The addition of InterGlobal to Aetna’s international business will expand our footprint in fast-growing geographies, increase our membership and enhance our international penetration with individual, small and mid-sized business customers,” said Mark T. Bertolini, Aetna chairman, CEO and president in a statement last November.
InterGlobal has approximately 300 employees based in its primary offices in the UK, Dubai, and Singapore. Aetna’s members will also benefit from InterGlobal’s network of 3,000 providers, composed largely of ancillary and outpatient facilities.
“This acquisition will increase our presence in the marketplace for international private medical insurance where growth is being driven by dynamics such as the continued globalization of companies of all sizes, the growing population of high net worth individuals in emerging economies and reform efforts by governments around the world to increase access to health care,” added Mark T. Bertolini.