06/10/2022
“This is the right time for AIA to play a leading role in making health insurance and healthcare more accessible, more affordable and more effective in the Philippines, helping many more people live healthier, longer, better lives .“
-- Leo Grepin
As you may already know, we announced last Wednesday the exciting news of our acquisition of MediCard Philippines.
MediCard, with its nearly 40 years of experience, was built by the Montoya Family into the strong HMO company that it is today. A powerhouse in the healthcare industry, with its huge network of more than a thousand clinics, over 50 thousand medical practitioners, and almost a million customers, it is well-positioned to become an even bigger player in its category.
Across the AIA Group, we have made various investments in the health and wellness space, specifically Amplify Health and Blue Cross in Hong Kong, proof of our commitment to make health insurance and healthcare more accessible across Asia. The acquisition of MediCard shows Group’s commitment to support the business in the Philippines, and will accelerate our health and wellness strategy locally, making health insurance and healthcare more accessible, affordable, and effective for more Filipinos.
With MediCard Philippines becoming a part of AIA Philippines, both MediCard and AIA will be able to expand our innovative healthcare and wellness offerings that will allow us to reach more customers supported by MediCard’s wide network and services. Customers from both companies will benefit from our combined strength in the future, with personalized healthcare insurance that includes telemedicine, personalized disease management, holistic case management and support, powered by Amplified Health and our growing insurtech capabilities.
The synergy of the strength and capability of AIA Philippines and MediCard will help both businesses live up to its potential for growth, and bring both companies to greater heights. Together, we will bring to life our Purpose of helping more Filipinos live Healthier, Longer, Better Lives.
I am excited at the opportunities ahead of us and I look forward to welcoming the MediCard Team into the AIA Philippines family.