Global Health Voyager Inc., a Web-based medical tourism facilitator, today announced that it has inked a deal with with PlanetHospital under which it will acquire all the PlanetHospital assets from Healthcare International Network LLC.
PlanetHospital is the largest facilitator of medical travel in the U.S. Global Health Voyager has not disclosed the terms of the transaction, which is expected to be closed on or before October 1, 2011.
Ali Moussavi, Global Health Voyager president and CEO said that the company is extremely pleased to welcome Rudy Rupak, founder and CEO of PlanetHospital, to the Global Health Voyager management team. Rupak will serve as the president of PlanetHospital division. Moussavi expects Rupak to play an important leadership role in advancing the company’s global positioning and driving its business objectives.
Moussavi noted that self-insured employers, insurers, third-party administrators and other intermediaries rely upon the PlanetHospital platform for offering employees a medical travel benefit.
Despite the huge benefits the transaction will bring to Global Health Voyager, the company’s shares have fallen sharply in today’s trading.
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