Premier Choice Healthcare Continues Its Growth Plans

Our growth plans continued this week with the acquisition of Equity Health Solutions. Equity will become the consumer specialist division of Premier Choice Healthcare and their excellent reputation in the market will see this area of our business continue to grow. We are very excited to have the team at Equity on board.

More acquisitions are planned which will see us continue to grow.

The acquisition of Equity follows recent recruitment we have done in other areas of our business to increase our footprint. In September, Terry Fromant joined as Head of Group Risk and James Bibby joined as Senior Business Protection Consultant. Terry and James strengthen our position within the Risk and Protection market where we already have Matthew Bucknall working as Senior Group Risk Consultant. All three sit under the leadership of Darren Perkins who joined in September as Sales Director.

Our objective is to grow in all divisions on our business and acquisitions will continue to be fundamental to this.

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FULL NEWS RELEASE ON EQUITY HEALTH SOLUTIONS ACQUISITION 

Premier Choice Healthcare makes second acquisition since becoming GRP’s healthcare hub

GRP-owned Premier Choice Healthcare [PCH] has further boosted its position in the healthcare sector by acquiring Bournemouth-based PMI intermediary Equity Health Solutions Ltd.

The deal, PCH’s second since it became part of GRP last year, follows its acquisition in January of the portfolio of SJA International.

Equity Health Solutions was established in 2016 and works with the UK’s leading PMI providers to offer personal, business and international health insurance, and personal travel cover.

Stephen Hough, Managing Director of Towcester-based PCH, said the deal demonstrated their continued commitment to expanding GRP’s healthcare operation.

“We joined GRP with a clear brief to accelerate growth, and this acquisition is the next step forward in delivering on that,” he said.  “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.”

Equity Health Solutions Director James 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.”

Stephen Ross, head of M&A for GRP, added:

“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.”

Following the acquisition, James Neeves and fellow director Jasmine Albano will continue to run the business from its Bournemouth base and all staff will be retained.

About Premier Choice Healthcare:

PCH is a specialist healthcare intermediary providing a full suite of health, risk and protection insurance products, including private medical, dental, cash plans, income replacement and business protection to SMEs and individuals.

The company, founded in 1996, has built a strong reputation in the healthcare marketplace and now controls around £65m of GWP. It is based in Towcester, Northamptonshire, and has 33 employees.

In June 2020 it was acquired by GRP as the Group’s healthcare hub.

About Global Risk Partners:

GRP was founded in 2013 and has grown rapidly to become one of the UK’s largest independent insurance intermediaries. 

GRP operates retail broking, specialist MGA, network and Lloyd’s businesses, enabling the Group to serve the growing insurance and risk management needs of its clients. The group acquires businesses, teams and portfolios that have niche, non-commoditised, specialty propositions and strong profitability.

In June 2020, Searchlight Capital Partners, a global private investment firm, acquired a majority stake in GRP.