The broker plans to apply ‘the acquisition success’ it has achieved in the UK retail commercial broking market to the PMI sector
Global Risk Partners’ (GRP) healthcare hub Premier Choice Healthcare (PCH) has now made its second acquisition since joining the broking group last year – it has bought private medical insurance (PMI) intermediary Equity Health Solutions, based in Bournemouth.
Established in 2016, Equity Health Solutions works with UK-based PMI providers to offer personal, business and international health insurance, as well as personal travel cover.
Following the acquisition, Equity Health Solutions’ directors James Neeves and Jasmine Albano will continue to run the business from its Bournemouth base and all staff will be retained.
Speaking on the deal, Stephen Ross, head of M&A at GRP, said: “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.”
Stephen Hough, managing director of PCH, added that “this acquisition is the next step forward” in the business’ growth journey.
He continued: “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.”
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.”
PCH bought SJA International back in January 2021.