Premier Choice Healthcare has acquired health insurance intermediary firms Independent Healthcare (UK) (IHUK) and Paul Ganjou and is looking for more firms to acquire.
The deals see GRP-owned PCH buy the client portfolios of both London area firms which distribute private medical insurance to SMEs and consumers.
IHUK vendors Siraj Kalania and Alex Alton will remain with the business, Kalania as a member of the PCH team while Alton will be in an ambassadorial role.
Paul Ganjou will also become a PCH brand ambassador following completion of the deal.
Stephen Hough, managing director at PCH, (pictured) said: “These are the seventh and eighth healthcare transactions completed in last two years.
“We have an appetite to continue to grow inorganically as well as organically in the health insurance sector, where there is significant further headroom for consolidation.”
Kalania said: “PCH has been a valuable partner for our business during the past 14 years, helping us to build a high quality and loyal client base. Our clients will be in extremely good hands with PCH.”
Ganjou added: “PCH will prove to be superb custodians for my client portfolio, and I look forward to continuing to support them in my new ambassador role.”
Hough concluded: “Many owner managers in the sector are approaching retirement and are inevitably thinking about the future for their clients, as well as looking to create value for themselves from their life’s work.”