APRIL group has announced the acquisition of GlobalHealth Asia, an established IPMI provider based in Hong Kong with operations in Singapore, Vietnam and Shanghai, plus local underwriting partners across south east Asia.
Established in 1997 in Hong Kong, GlobalHealth has 60 staff members and a turnover of around six million euros.
The new purchase will enable APRIL to extend its operations in Asia beyond its current activities in Thailand, China and Singapore and "significantly strengthen" its market share in the region.
Emmanuel Morandini, deputy CEO of the APRIL group said: "We would like to welcome the GlobalHealth teams to the APRIL group. This acquisition will strengthen our areas of expertise and extends our operations in Asia and is in line with our stated objective to become a leading IMPI and assistance player outside France."
In October 2015, APRIL Group rebranded and relaunched UK based MediCare International as APRIL International UK, a specialist designer and distributor of international PMI policies for groups and individuals.
