Global Health Voyager to acquire PlanetHospital

8-Oct-2011

Global Health Voyager, Inc. (GLHV), a full-service, web-based, medical tourism company today announced that it entered into a memorandum of understanding on September 1, 2011 with PlanetHospital (PH), the largest medical tourism company in the United States, to acquire all the PlanetHospital assets from Healthcare International Network, LLC. Terms of the transaction, a pure asset purchase with no ties to any existing liabilities, were not disclosed. The deal is expected to close on or before October 1, 2011.

"We are extremely pleased to welcome Rudy Rupak, founder and CEO of PlanetHospital, to the GLHV management team as the president of the PlanetHospital division," says Ali Moussavi, GLHV president and CEO. "Rudy is internationally recognized as an industry pioneer, enjoys high visibility in the marketplace, and provides a strong voice for the medical tourism community. He will play an important leadership role in advancing our global positioning and driving GLHV business objectives."

Moussavi points to the significant value of combining a public entity with the high-profile PlanetHospital brand, adding, "Founded in 2002, PlanetHospital captured first mover advantage with the introduction of a medical tourism platform that offers Americans options for accessing high quality healthcare treatments outside the United States at significantly lower costs. The Company quickly captured the attention of national and international media, generating wide consumer interest in its programs. Self-insured employers, insurers, third party administrators and other intermediaries also rely upon the PH platform for offering employees a medical travel benefit."

Rudy Rupak, founder and CEO of PlanetHospital adds, "I am delighted that PlanetHospital is finally going to be a listed company. This is not an exit strategy for us, but rather an opportunity to really grow the business aggressively and take it to the next level. Expect great things."