Premier Choice Healthcare (PCH), which was acquired by Global Risk Partners (GRP) last year to serve as the latter’s healthcare hub, has made its second swoop since then.
Joining Towcester-based PCH is private medical insurance (PMI) intermediary Equity Health Solutions. Set up in 2016, the Bournemouth business works with leading PMI providers in the UK and offers health and travel insurance.
The transaction, financial terms of which were not disclosed, follows PCH’s January move to snap up the portfolio of Sussex-based health insurance broker SJA International.
“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,” said Equity Health Solutions director James Neeves.
“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 Hough (pictured), who was appointed as PCH managing director in April, cited the company’s clear growth plan.
Read more: Insurance broker sells portfolio to GRP firm
“We joined GRP with a clear brief to accelerate growth, and this acquisition is the next step forward in delivering on that,” noted Hough. “Equity Health Solutions is a great business with an excellent reputation, and we’re delighted to have them onboard.
“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.”
As part of the acquisition, all Equity Health Solutions staff will be retained, with Neeves and fellow director Jasmine Albano staying at the helm. The business will also continue to operate from its current location.
Commenting on the development, GRP mergers and acquisitions head Stephen Ross stated: “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.”
