INTERNATIONAL SOS AND GLOBAL EXCEL ANNOUNCE JOINT VENTURE PARTNERSHIP
International SOS, the world’s leading medical and travel security risk services company, and Global Excel Management, a worldwide leader in premium medical cost containment and claims management, have today announced a joint venture partnership to leverage mutual healthcare capabilities and services in the Asia Pacific region.
The partnership will see International SOS and Global Excel work together to create mutual growth opportunities. Building on the solid foundation of existing business, it will deliver innovative services for the region, providing additional value to all contracts and services.
The joint venture will create a market leading center of excellence and innovation in healthcare risk management solutions. This will strengthen the local capability and set the platform for expansion in the Asia Region.
A joint venture in Singapore has been formed between Global Excel and International SOS with Global Excel owning a controlling majority. PT Prima Sarana Jasa is the Indonesia subsidiary of the Joint Venture and offers a full range of TPA services to corporations and individuals in that area. These services include medical case management, claims adjudication, provider network management.
Reg Allatt, Chief Executive Officer and Owner of Global Excel Management, said, “This partnership marks the first investment for Global Excel in this region and underscores the company's commitment to strategic global expansion through organic growth and qualified acquisitions. Our objective is very simple - to grow and create new opportunities by combining the industry leading strengths of both entities in this new partnership. Bringing together a comprehensive range of healthcare risk management and advisory services solutions, regional expertise and excellence in systems and processes, we will be able to provide the best client and member experience. With our organisations’ aims aligned closely on achieving outstanding customer satisfaction, the teams are a natural fit. We are looking forward to working closely with International SOS to develop the business as a joint strategic effort."
Laurent Sabourin, Group Managing Director, International SOS, added: “International SOS is focused on providing the best possible service and support for our customers, and this new joint venture will continue to deliver on this commitment in the Asia region. We have extensive experience in identifying and driving successful joint ventures and partnerships to complement and strengthen our wholly owned International SOS operations. We remain committed to the region and look forward to driving innovative solutions for our clients with our new partnership.”
Notes to Editors
About Global Excel
Global Excel is a full-service provider of global healthcare risk management solutions. Global Excel, together with its subsidiaries Olympus Managed Health Care Inc., ChoiceNet International México SA, Healthcare Concierge Services Inc., and ChargeCare International Limited, offers a complete range of risk mitigation, cost containment, claims management and medical assistance services to over 360 clients located in more than 90 countries around the world. As a group, Global Excel will manage approximately 170,000 inpatient, outpatient and non-medical cases per year and processes in excess of $1.5B USD in healthcare claims annually.
About the International SOS Group of Companies
The International SOS Group of Companies is in the business of saving lives, protecting your global workforce from health and security threats. Wherever you are, we deliver customised health, security risk management and wellbeing solutions to fuel your growth and productivity. In the event of extreme weather, an epidemic or a security incident, we provide an immediate response providing peace of mind. Our innovative technology and medical expertise focus on prevention, offering real-time, actionable insights and on-the-ground quality delivery. We help you meet compliance reporting needs for good governance. By partnering with us, organisations can fulfil their Duty of Care responsibilities, while empowering business resilience, continuity and sustainability.
Founded in 1985, the International SOS Group is trusted by 11,000 organisations, including over half of the Fortune Global 500, multi-national corporate clients and mid-size enterprises, governments, educational institutions and NGOs. 11,000 multi-cultural medical, security and logistics experts stand with you to provide support & assistance from over 1,000 locations in 90 countries, 24/7, 365 days.
To protect your workforce, visit www.internationalsos.com.