Now Health International to Acquire Health Insurer Best Doctors.
M2 EQUITYBITES-April 28, 2015-Now Health International to Acquire Health Insurer Best Doctors
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28 April 2015 - UK-based expat health insurance provider Now Health International's private equity investor the Primary Group has reached an agreement to acquire Bermuda-based medical insurance provider Best Doctors Insurance, the company said.
Terms of the deal were not disclosed.
Best Doctors Insurance has distribution throughout Latin America, the Caribbean and Canada.
According to Now Health, the transaction will create a global top tier specialist IPMI proposition with complementary products, distribution and geographies as well as shared quality service principles.
The pro-forma operation will span four continents, with 12 sales/service offices, 100,000+ members, more than 300 staff and 5,000+ distribution partners.
Now Health is one of the fastest growing providers of IPMI solutions for global expatriates, high-net-worth individuals and small to medium sized enterprises across Asia, the Middle East and Europe.
Now Health currently has no operations in the Americas. The company has offices in the UK, Dubai, Hong Kong, Singapore, Shanghai and Beijing, with Jakarta and Abu Dhabi coming soon.
Best Doctors Insurance, with service centres in Miami, Guayaquil (Ecuador) and Toronto, is owned by Best Doctors Inc. (Boston, MA) whose core business focuses on utilising technologies to provide second medical opinion services.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Apr 28, 2015|
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