Health insurance startup Hive Health Philippines Inc. has acquired Health Plan Philippines Inc, one of the pioneers in health maintenance organization (HMO) in the country.
Hive Health said it will share its technology and data-driven innovations with Health Plan’s members and integrate Health Plan’s nationwide network and institutional knowledge built across 37 years.
“We have just begun the hard work of making healthcare radically more accessible. The goal is for all Filipinos to feel secure that their health is taken care of, and to give employers a sustainable way to take part in making that happen,” Camille Ang, co-founder and CEO of Hive Health, said.
She declined to disclose the acquisition cost.
Natasha Reyes, CEO of Health Plan said Hive Health has been a partner for years.
“I have seen how the team is able to deliver changes to improve the patient experience much faster than I would have expected, and how they genuinely care about making healthcare accessible to more Filipinos. We are excited for the journey ahead as Hive Health and HPPI join forces,” Reyes said.
Hive Health is a full-stack digital health insurer. It offers comprehensive HMO health plans for small and medium-sized firms and startups, encompassing outpatient, inpatient, emergency, and dental care through an extensive nationwide network of 1,700 hospitals and clinics and over 60,000 doctors across the country.
