Insurance specialist buys private medical comparison website out of receivership

Paul Nugent

Sante Partners, part of the Preston-based Santé Group, has acquired the assets of comparison website Healthplan.co.uk out of receivership for an undisclosed sum.

Launched in 2020, the website generates more than 3,000 consumer and SME enquiries per month, equating to an average sales total of £800,000 per annum.

In late 2022 the company that ran the website fell into financial difficulties and went into administration.

Sante Partners provides appointed representatives (ARs) with the tools and infrastructure needed to grow their insurance brokerages.

In 2021, it was acquired by the Santé Group, and the deal helped the wider group build its premium book to £30m ahead of its scheduled five-year growth targets.

Sante Partners’ managing director, Adam Sherring, said: “Acquiring the Healthplan.co.uk website will help us accelerate our growth plans and provide our network of private medical insurance brokers with a rich pipeline of work.

“From the outset, our business has been focused on providing a unique ‘brokerage in a box’ proposition which takes care of everything from access to new products, compliance to business and marketing support, and delivering a mentoring service. The addition of the Healthplan website enhances our service offering by putting us in a strong position to generate additional sales for our network.”

Santé Group’s chief executive, Paul Nugent, said: ” Sante Partners’ growth has exceeded our initial expectations, and the Healthplan website acquisition will add a significant income stream for the group and our broker network.

“It’s a perfect fit for us, and we’ll continue to look for other opportunities such as this to build the group so we can provide a 360 service offering.”

The Santé Group comprises, Santé Life, Nugent Santé and Santé Partners. It also comprises ArchAngel, a software platform designed to support brokerages with compliance and other business support services.

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