By InvestAdvocate

Lagos (INVESTADVOCATE)-Mansard Insurance Plc (“Mansard”) Thursday announced it has recently acquired the entire issued share capital of a Health Management Organisation known as Procare Health Plan Nigeria Limited and intends to run and operate same as its subsidiary in the Health Maintenance Industry.

According to the notice from the insurance company to the Nigerian Stock Exchange (NSE), it intends to revitalize the company’s operations in accordance with NHIS’ New HMO Accreditation Guidelines (the “Guidelines”), and would in this regard increase its share capital from N100 million to N500 million.

Also, Mansard said it seeking to establish functional offices in Lagos (the head office), Abuja and Port Harcourt and would be opening additional offices in Enugu and Kaduna.

The company affirmed it plans to establish an office in the North-eastern part of the country, as soon as the atmosphere there becomes more conducive for business operations.

Further to these, Mansard said it would establish an operational call centre at the Company’s head office in Lagos and conclude arrangements to deploy state of the art health insurance management software, TOSHFA, by Access Meditech Private Limited.

It also intends to change its name and formally launch the new brand sometimes in July 2013.