Bermuda | Hong Kong | Miami - IPMI (International Private Medical Insurance) provider Now Health International (www.nowhealth-bestdoctors.com) today confirms that their investor, the Primary Group, has completed the transaction to acquire Best Doctors Insurance, a major medical insurance provider with distribution throughout Latin America, the Caribbean and Canada.
The combination of the two businesses, both Bermudan-based, will create one of the largest independent IPMI providers in the world, with 12 sales/service offices, 100,000+ members, 330+ staff and 5,000+ distribution partners.
The combined business aims to:
Continue to deliver top-class service to existing and prospective customers, distributors and providers, minimising business disruption as much as possible
Deploy a common, purpose-built, technology platform enabling execution of a full ‘in-house’ 24/7 customer service offering, in multiple languages and currencies
Broaden and deepen existing distribution access across Asia, Europe, the Middle East, Africa, Latin America, Canada and the Caribbean
Leverage an expanded proprietary medical provider network to deliver increasing economies of scale, delivering better value for members worldwide
Supplement the core IPMI product offerings with a range of complementary Accident and/or Health related products over time
The business will join the ranks of the top-tier providers of world-wide IPMI solutions, with an ambitious cumulative premium target of US$1billion over the next three years.
“This combination of Now Health and Best Doctors Insurance is a significant milestone in our journey and I’m excited to take our newly enlarged IPMI platform to a whole new level. I’m confident I have one of the strongest and most experienced leadership teams in the industry and together we will continue to deliver great value international health insurance solutions and a high quality, differentiated customer experience,” said Martin Garcia, CEO, Now Health International.
For more information, please contact us using one of the buttons at the top of the page or contact:
Alison Massey, Marketing & E-Commerce Director, Now Health International
Tel: +852 2279 7322
Maria Urribarri, Sr. Marketing Director, Best Doctors Insurance
Tel: +1 305 269 2521