Medical insurance firm makes second acquisition of the year

GRP-owned Premier Choice Healthcare [PCH] has acquired Bournemouth-based PMI intermediary Equity Health Solutions.

The deal, Towcester-based PCH’s second since it became part of GRP last year, follows its acquisition in January of the portfolio of SJA International.

Equity Health Solutions was established in 2016 and works with the UK’s leading PMI providers to offer personal, business and international health insurance, and personal travel cover.

Stephen Hough, managing director of Towcester-based PCH, said: “We joined GRP with a clear brief to accelerate growth, and this acquisition is the next step forward in delivering on that.”

“Equity Health Solutions is a great business with an excellent reputation and we’re delighted to have them on board.

“There are still significant opportunities within the healthcare sector, and we will continue to make the most of those opportunities when we find businesses that are the right fit.”

Equity Health Solutions director James Neeves said: “As health insurance specialists, we pride ourselves on giving the best possible unbiased advice so that every customer gets the best cover to meet their individual needs.

“It’s great that PCH recognises what we’ve set out to achieve, and we’re looking forward to working with them and building on the new opportunities that joining them will bring.”

Stephen Ross, head of M&A for GRP, added: “This deal supports our aim to mirror the acquisition success we have had in UK retail commercial broking by boosting our presence in the healthcare market.

“It will help us to expand our overall proposition to offer both new and existing clients a suite of healthcare products alongside our existing services.”

Following the acquisition, James Neeves and fellow director Jasmine Albano will continue to run the business from its Bournemouth base and all staff will be retained.