2 minutesMANILA, PHILIPPINES; 28 September 2022 – AIA Group Limited announces that it has agreed to acquire 100 per cent of the shares in MediCard Philippines, Inc. (“MediCard”), a leading Health Maintenance Organization (HMO) in the Philippines providing health insurance and healthcare services to more than 920,000 members across corporate and individual plans. Dr. Nicky Montoya will continue to lead MediCard as the Chief Executive Officer following the transaction, which is subject to regulatory approvals and other customary closing conditions.
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