Sanitas S.A de Seguros (Sanitas) today announced it has completed on its agreement with Hermandad Nacional de Arquitectos Superiores y Químicos (HNA) to acquire Néctar Seguros de Salud, HNA's health insurance company. Regulatory approvals have been granted by the Spanish General Directorate for Insurance and Pension Funds and the National Commission on Markets and Competition.
As part of the deal, Néctar’s 34,000 insurance customers will join Sanitas. Néctar's employees will also become part of Sanitas, ensuring customers will continue to access their healthcare services without disruption.
This agreement is another example of Sanitas' commitment to health insurance - it currently ranks second in Spain with a market share of 17.6%. In 2017, Sanitas grew its insurance membership at a higher rate than the local market. This increase was largely a result of its strategic distribution agreements and enhanced customer experience through digital solutions
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About Sanitas
Sanitas is a Spanish specialist in healthcare and wellbeing services. It offers products and services adapted to people’s real needs at each stage of their lives through an integrated healthcare model that includes medical insurance, hospitals and multi-specialty centres, wellbeing centres, dental clinics, other health services and care for the elderly.
It has over 11,200 employees and a medical team made up of over 40,000 specialists and 1,200 associated medical centres. Its own provision business is made up of four hospitals, 20 multi-specialty medical centres, 16 well-being centres, 180 dental clinics, and 46 homes for the elderly, 17 of which have day centre services, and two independent day centres.
About Bupa
Bupa's purpose is helping people live longer, healthier, happier lives and making a better world.
We are an international healthcare company serving over 31 million customers worldwide. With no shareholders, we reinvest profits into providing more and better healthcare for the benefit of current and future customers.
We directly employ around 85,000 people, principally in the UK, Australia, Spain, Chile, Poland, New Zealand, Hong Kong SAR, Turkey, Brazil, Mexico, the US, Middle East and Ireland. We also have associate businesses in Saudi Arabia and India.
