Bupa acquires Turkey’s second largest health insurer

In buying Acıbadem Sigorta, Bupa sees excellent prospects for growth in Turkey.

Bupa, the international healthcare company, has agreed to acquire Turkey’s second largest health insurer, Acıbadem Sigorta, subject to regulatory approvals. Acıbadem Sigorta is a specialist health insurance provider with both corporate and individual customers headquartered in Istanbul. Bupa will benefit from Acıbadem Sigorta’s local market knowledge, and their customers and employees will benefit from the strength of Bupa’s expertise and experience. Acıbadem Sigorta is currently wholly-owned by Avicennia Capital, a Malaysia-based financial holding company.