UK largest dental plan firm NDP bought for £30m in cash
Capita has bought National Dental Plan (NDP) for £30m cash on a cash-free, debt-free basis.
NDP runs some of the biggest dental insurance schemes; designing, distributing, arranging underwriting for and administering dental insurance policies to more than 300 clients, representing 120,000 underlying insured members. Customers include Lloyds Banking Group, HSBC and BT.
NDP made a consolidated operating profit for its financial year to 31 March 2010 of £4.1m on turnover of £13.4m.
Extended servces
Paul Pindar, chief executive of Capita, said: "The acquisition adds further capabilities to Capita's specialist insurance services business, extending its range of tailored insurance services, including employee benefits schemes, to both private and public sectors. "
NDP has 20 staff, all based in London.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
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