We are pleased to announce that our year has got off to a great start, with the confirmation of our purchase of Bristol-based intermediary Best Health Business.
This new acquisition will bring us a further £1.35 million in annual premium income (API). More than two-thirds of this will come from small and medium-sized enterprises (SMEs) – a market we have been looking to expand our presence in.
This great news comes after a hugely successful 2014, at the end of which we made three new acquisitions, and in doing so brought an extra £2 million of annual income to the company.
Best Health was founded in 2001 by Debbie Kleiner-Gaines, a former treasurer of the Association of Medical Insurers and Intermediaries. She now looks to take on a new role in the field of employee benefits.
Explaining her decision to pass her business into our hands, Debbie explained: ” Having previously undergone a particularly smooth transaction when selling Best Health’s individual client book to Chase Templeton a couple of years ago the company was a natural choice.”
“They have the necessary resources and expertise to ensure the client base I nurtured over the years will be well looked after going forward. That was important.”
Our Mergers & Acquisitions Director, Jeff Tate, said: “Debbie has built up an excellent SME book which accounts for over £1 million of the API acquired, and as such has provided a significant boost to our already sizeable corporate medical insurance operation.”
“This is but the first of a number of acquisitions we expect to confirm in 2015 as we already have a healthy pipeline of potential targets lined up.”
This year we will place a great deal of emphasis on organic growth of our company.
Chief Executive Warren Dickson has outlined the plan going forward. “We will be investing heavily in developing the sales function, becoming much more pro-active,” he said. “We also recognise the need to build our brand presence and that necessarily means committing significant funds to our marketing programme.”
Having started this year just as well as we ended the last one, we are very excited about what 2015 will bring.
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