Chase Templeton, one of the UK’s leading health insurance and protection specialists, have purchased a private medical insurance based business located in Andover.
The company has finalised the purchases of Private Medical Insurance Advisors Ltd. (PMIA) of Andover, Hampshire, JVA Healthcare Services Ltd of Pinner, west London and Ludlow Wealth Management Group of Southport.
Brian Mellor of PMIA said “My wife Hazel and I decided it was time for us to retire and so we looked not simply to sell Private Medical Insurance Advisers but place the business in hands we could really trust.”
“Chase Templeton is one of the private medical insurance industry’s most respected players, a company we know has the resources and expertise to take good care of our clients and ensure they benefit from professional specialist advice and the best deals available across the whole market.”
Both Private Medical Insurance Advisors Ltd and JVA Healthcare Services Ltd served business and individual PMI markets but with strong biases towards the SME sector.
“These three new acquisitions, the latest in a long line, further strengthen Chase Templeton’s presence within the SME market in which we are now a major player,” commented Jeff Tate the company’s Mergers & Acquisitions Director.
These new acquisitions crown a highly successful year for Chase Templeton, bringing the total number of deals completed in 2014 to 26, including Chartered Life, Health Assured (Scotland) Medisearch Direct, Simply Assured and SJS Healthcare.
Since securing backing from Manchester’s Palatine Private Equity in February 2013 the company has completed 38 deals which boosted API by around £34m.
The new acquisitions bring Chase Templeton’s annual premium income to well over £100m, with its turnover now well in excess of £13m. To manage integration of acquired businesses the company has increased its staff numbers to nearly 70 and has plans to recruit further next year.