Business News of Friday, 10 March 2017
The BEIGE Group (TBG), a financial services provider, has ventured into the provision of Health Insurance Services following the acquisition of Empire Mutual Health Insurance (EMH), a licensed health insurance firm in Ghana.
The transaction had been ongoing for some time to ensure compliance with regulatory due diligence procedures and involves a one-year business transformation plan including an injection of new capital into EMH.
Empire Mutual Health is an Insurance company that offers quality and comprehensive health insurance policies for corporate bodies and individuals. Empire Mutual Health started its business operations in 2012 until it was acquired by The BEIGE Group in September 2015.
It is committed to the provision of medical care to corporate institutions and family units in Ghana through a network of healthcare service providers.
Empire Mutual Health is a private company registered under the Companies Code of Ghana 1963 Act 179 and licensed by the Private Health Insurance Scheme (PHIS) unit of the National Health Insurance Authority (NHIA) to carry on the business of private commercial health insurance.
Commenting on the acquisition, Mr. Nyinaku explained that the acquisition of Empire Mutual Health is an essential compliment to the platform TBG is building.
“We are carefully executing an agenda whose end is to place us in a position of advantage as we seek to establish a platform that will serve as Ghana’s supermarket for Financial Services. We have the distribution network that would support an effective roll-out of a variety of Health Insurance Products to the market so we’d hit the ground running. Customers can expect an aligned proposition that utilises the reputation and technical expertise of TBG to deliver an integrated service and improved value to clients,” Mike said.
TBG is a financial services provider with business interests in Banking, Pensions, Insurance and Investments.