Lifepoint Healthcare has acquired the the private medical insurance and health cash plan portfolio of Leicestershire-based firm Protect Your Health UK.
Isaac Feiner, managing director at Lifepoint Healthcare, said the business was already in talks with other firms about further acquisitions.
Feiner (pictured) said the latest move complimented the plan to continue organic growth along with key strategic acquisitions of businesses and portfolios which were the right cultural fit and where the owners were looking to exit the market.
“Our proposition is to ensure we add value for clients as well as adding premium income to Lifepoint,” Feiner continued.
“We are already engaged in conversations with other individuals and firms which we are hopeful can be successfully concluded leading to further acquisitions in due course.
“We are hugely positive about the opportunities in the private healthcare sector which are being driven in part by the announcement of NHS waiting list for treatment of more than 5.6 million people.”
Leighanne Smith, managing director of Protect Your Health UK, added that she knew Lifepoint would take great care of the firm’s clients.
“I have recently become a first time mum to my beautiful daughter, Mia. The sale will enable me to spend quality time with her and to focus on our risk and protection business.”
Health & Protection asked Lifepoint about the sum paid for Protect Your Health and the number of policies in the transaction but was told this information was confidential.