|
|
Article: Jamaica: Sagicor to acquire Blue Cross health insurance portfolio.
- Article from:
- TendersInfo
- Article date:
- July 30, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: yunus205
Sagicor Life Jamaica Limited yesterday announced that it had secured an agreement to acquire the group health insurance portfolio of Blue Cross Jamaica Limited, a deal that will bring to an end a contentious battle between both firms for management of the $2-billion Government Employees Administrative Services Only (GEASO) Health Insurance Scheme.
The agreement, apparently reached late last Friday and communicated to Blue Cross staff today, left many people in corporate Jamaica wide-eyed as Blue Cross, up to last month, was reported to be in acquisition talks with Jamaica National Building Society (JNBS).
Just how much Sagicor ...