Metropolitan Health acquisition
Metropolitan Health has acquired Port Elizabeth-based PROVIDENCE Healthcare Risk Managers.
PROVIDENCE delivers administration and managed care services to approximately 140 000 beneficiaries.
The company is also responsible for the management of the medical centres and clinical staff employed by two of its scheme clients.
It is envisaged that the acquisition will provide the current PROVIDENCE client base access to Metropolitan Health initiatives, such as an in-pharmacy clinic venture with the Alpha Pharm franchise group, Hello Doctor services and the Multiply Rewards programme.
Metropolitan Health CEO Blum Khan said that, in addition to significantly strengthening the company’s Eastern Cape footprint, the acquisition “fits perfectly with the company’s goals for profitable growth and the pursuit of innovative solutions that create greater access to healthcare.”
He added that PROVIDENCE Healthcare Risk Managers “shares our determination to reduce costs, improve quality and create a transformed South African healthcare ecosystem that connects all South Africans to quality healthcare.”