Hartford health insurer Aetna said it has reached a deal to purchase InterGlobal, which has 65,000 health insurance members in the Middle East, Asia, Africa and Europe.
Aetna said the deal will give it a larger foothold in the growing international private medical insurance market.
Aetna did not disclose the terms of the deal, which is expected to close during the first half of next year and be neutral to Aetna’s 2014 financial results.
“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,” Mark T. Bertolini, Aetna’s CEO and president, said in a statement.
InterGlobal has approximately 300 employees, mainly in operation centers in the U.K., Dubai and Singapore.
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