CARS is a leading independent TPA in the Middle East. Founded in Saudi Arabia since 1985, its mission is to assist medical insurers in managing complex healthcare plans, monitor hospital rates, packages and health benefit utilization to achieve the exclusive target of cost containment.
CARS is 50% owned by NAS United Health Care Services LLC, a leading TPA business in the UAE, 45% owned by United Commerical Agencies Ltd. and 5% by Sheikh Salman Bin Laden.
CARS announces its receipt on Tuesday 5th of October 2010 of SAMA's (Saudi Arabian Monetary Agency) final approval in practicing as a Third Party Administrator (TPA). Furthermore, CARS announces its receipt on Wednesday 3rd of November 2010 of CCHI's (Council of Cooperative Health Insurance) final approval in practicing as a Third Party Administrator (TPA).