Aetna buys Bupa Thailand

July 26 2017 by InsuranceAsia News Staff

Aetna has bought Bupa Thailand for an undisclosed sum to increase its presence in Asia as part of a strategy to go “broader and deeper” into local healthcare markets.

“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.”

Bupa Thailand was established more than 30 years ago and is Thailand’s leading specialist health insurer, with more than 300,000 members and a network of over 400 health care providers in the country.

Bupa Thailand will continue to operate under the Bupa brand for a short time before rebranding as Aetna.