Sizwe, Hosmed get green light to merge, creating South Africa’s 8th-largest medical scheme

SOUTH AFRICA – The Council for Medical Schemes has given its stamp of approval to the merger of Hosmed Medical Scheme and Sizwe Medical Fund, creating South Africa’s eighth-largest open medical scheme. The merger brings together Sizwe’s 46 900 membership with Hosmed’s 21 000. According to these membership numbers, the merged entity becomes the eighth largest medical scheme in the country with the fourth-highest solvency ratio of the top 10n largest medical schemes, the company said in a statement yesterday. “There are no words to describe the significance of the…

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