Premier Choice Healthcare (PCH) - the health insurance intermediary owned by GRP - has today announced two further acquisitions, swooping for Independent Healthcare (UK) Ltd (IHUK) and Paul Ganjou.
Both of the London-based broking businesses distribute private medical insurance (PMI) to SMEs and consumers. PCH revealed that the deals will see it buy the client portfolios, bringing clients under direct control and strengthening PCH’s customer footprint.
Commenting on the news, PCH MD Stephen Hough highlighted that the acquisitions continue the strong deal momentum built up since PCH became GRP’s health and employee benefits hub in 2020.
“These are the seventh and eighth healthcare transactions completed in the last two years,” he said. “We have an appetite to continue to grow inorganically as well as organically in the health insurance sector, where there is significant further headroom for consolidation.”
Hough noted that IHUK vendors Siraj Kalania and Alex Alton will remain with the business - Kalania as a member of the PCH team while Alton will take up an ambassadorial role. Paul Ganjou will also become a PCH brand ambassador following completion.
Discussing the deal, Kalania said: “PCH has been a valuable partner for our business during the past 14 years, helping us to build a high-quality and loyal client base. Our clients will be in extremely good hands with PCH.”
Ganjou commented on the news and said PCH will prove to be “superb custodians” for his client portfolio. He said that he is looking forward to supporting the business in his new ambassador role.
Hough added: “Many owner managers in the sector are approaching retirement and are inevitably thinking about the future for their clients, as well as looking to create value for themselves from their life’s work.
“We have a wide number of solutions for vendors in this position, and we are keen to hear from them as they weigh up their future options.”
