Aetna International Acquires Health Card Provider IHO Pvt Ltd
US-based Aetna International has acquired 100% stake in 
Indian Health Organisation Pvt Ltd (IHO).
With this acquisition, Aetna will have access to IHO's customer base of 80,000 members and intends to retain the management and all employees of IHO which presently operates in 20 cities across India.
IHO will operate as a separate business within Aetna International, under its existing leadership structure, reporting to the Southeast Asia region.
Transaction Reference: Economic Times
New Delhi-based Indian Health Organisation Pvt Ltd (IHO) was founded in 2008 by Visham Sikand and Sunando Sen.
IHO provides health card for an annual fee that offers card holders diagnostic tests and medical consultations at discounted rates. The card can also be used at a network of doctors, dentists and pharmacies for further discounts.
There are 2,500 doctors, 800 pharmacies, 300 laboratories and 500 dentists in the IHO network.
Annual charges ranges from Rs.1,545 for an individual to Rs.2,648 for a family of four for one year and Rs.3,971 for a two-year membership. IHO also has a priority plan offering a high level of discount and charges Rs.3,530 for 1 year for single membership and Rs.4,853 for couple membership.
IHO has tie-ups with HSBC Bank, Bila Sun Life Insurance, Aditya Birla Money Mart, Reliance Capital and Unicon Securities, among others to offer IHO cards. IHO's clients list includes companies like RBS (the erstwhile ABN AMRO Bank) and Spicejet.
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KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
|---|---|---|---|---|
| 12/07/11 | Indian Health Organisation - Aetna International | M&A | Aetna International Inc | - |
| Date | Type | Buyer | Target | Size ($mn) | State |
|---|---|---|---|---|---|
| 16/05/12 | M&A | Piramal Healthcare Limited | Decision Resources Group | 635.00 | Completed |
| 14/05/12 | Private Equity | India Value Fund Advisors Private Limited | Manipal Hospitals | 93.28 | Planned |
| 14/05/12 | Private Equity | Equity Partners Fund SPC India | Avesthagen Limited | 60.00 | Planned |
| 11/05/12 | Private Equity | Sequoia Capital India | Moolchand Healthcare Private Limited | 18.68 | Announced |
Company |
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| Name | Promoters | Office | Competitor | Website |
|---|---|---|---|---|
| Indian Health Organisation Private Limited | Visham Sikand Sunando Sen |
9/5- Nehru Enclave, East Kalkaji | www.indianhealthorganisation.com | |
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