Bupa, the international healthcare company, today announces it has completed the acquisition of Acıbadem Sigorta, Turkey’s second largest health insurer.
Acıbadem Sigorta is a specialist health insurance provider with both corporate and individual customers. Headquartered in Istanbul, it has over 500 employees and covers 600,000 lives. In 2017 Acıbadem Sigorta generated gross written premiums of TRY913m.
Simeon Preston, CEO of Bupa International Markets, said: "We are delighted to announce that Bupa’s acquisition of Acıbadem Sigorta is now complete. Bupa will benefit from Acıbadem Sigorta’s local market knowledge, and their customers and employees will benefit from the strength of our expertise and experience. We look forward to welcoming Acıbadem Sigorta into the Bupa family.”
Gökhan Gürcan CEO of Acıbadem Sigorta added: “We’re delighted to join Bupa. Together we will build on Acibadem Sigorta’s successes from the last 26 years and support the continued development of the Turkish health insurance market.”