Vhi Healthcare criticises 'hit and run' VIVAS buy

Vhi Healthcare has today criticised what is has called the "hit and run" approach to companies netering the Irish health insurance market.

Vhi Healthcare has today criticised what is has called the "hit and run" approach to companies entering the Irish health insurance market.

Responding to the recent purchase of VIVAS Health by Hibernian, Vincent Sheridan, chief executive of Vhi Healthcare, commented: "Vhi Healthcare welcomes Hibernian to the health insurance market. However we feel there is a real need to strengthen the regulation in this market to prevent the type of "hit and run" approach which has characterised the new entrants to the private health insurance market to date.