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Tuesday, June 18, 2024
HomeLatest NewsSanitas acquires the insurance company Asefa and reaches a 20.3% market share

Sanitas acquires the insurance company Asefa and reaches a 20.3% market share

Date: June 18, 2024 Time: 11:31:06

Sanitas, the Spanish health insurer, has acquired another business dedicated to health, Asefa, specialized in the construction sector. This causes an increase in the client portfolio with 34,000 more, up to 2.4 million. In this way, the insurer has managed to centralize its market and gain a share of 20.3%. However, they have not revealed the import for which the entity has bought together with two of its medical centers.

However, after having made this purchase, it should be noted that Asefa employees will not have to go to the unemployment office since Sanitas will be in charge of incorporating their own business into its workforce, the company has assured in a note sent this Tuesday. Thanks to this agreement, Asefa clients will have access to a medical team made up of more than 49,000 specialists and to 4,000 subsidized medical centers and 21 of its own centers.

For its part, health insurance is one of the branches that has grown the most in Spain in recent years, especially since the pandemic, and health insurers concentrate a good part of this market, so the body that monitors competition , the CNMC, is preparing a report on this matter, which could be ready in the second half of 2024.

More than 12 million people have private insurance

The study inaugurated the body in March 2023, when it opened a two-month consultation period in which all the parties involved, including insurers, clients and doctors, sent it their comments and suggestions, in more than 620 responses. put, which are currently being analyzed to prepare the report.

The study aims to reflect on the concentration in the supply of health insurance and health care services, as well as the integration and vertical relationship between insurers and health care providers, the differences in bargaining power between the different agents involved in the sector and information asymmetries for citizens.

The employers’ association of the Spanish insurers, Unespa, which also represents the health companies, has expressed its satisfaction with this initiative of the CNMC, since it is an “excellent opportunity” for the different parties to describe how the insurance activity is carried out of health in Spain and present their arguments.

Currently, a quarter of the Spanish population, that is, 25.32%, has taken out private health insurance, some 12 million people, which will increase by almost a million and a half between the end of 2019 (just before the pandemic). and December 2022.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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