Aetna expands it market to the UK and other countries..changes in benefits to take place immediately...does this sound familiar and similar to how business is done in the US?...BD
In a move said to be unrelated to the change of ownership, Goodhealth has announced some changes in benefits to its International Healthcare Plan. They take effect immediately. A leading American health company has bought UK-based international medical insurers Goodhealth Worldwide. Aetna, based in Hartford, Connecticut, announced completion of the deal early this month. The sum paid was not disclosed.
They have proved useful in expanding business in more than 100 countries. The company said it had maintained growth at “upwards of 35 per cent year-on-year over the past four years.” Last year it achieved £40 million in new business.
While many UK-based insurers have relied on offering straightforward policies with little variation in content – effectively an extension of UK domestic plans – Goodhealth tried a more flexible route.
The company will become a unit of Aetna Global Benefits, Aetna’s international business for expatriates. That division focuses on providing comprehensive benefit solutions to employees working, travelling and living in more than 100 countries.
Ronald Williams, Aetna chairman and chief executive, said: “This transaction fits well with Aetna’s stated strategy of making acquisitions designed to enhance the company’s capabilities and expand into new markets.”
Business as usual, says Goodhealth after acquisition by Aetna - Telegraph
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