It’s been a busy week for deals and acquisitions and it’s only Wednesday – here’s the latest;
Premier Choice Healthcare (PCH), the health insurance intermediary hub owned by Brown & Brown (Europe) Ltd (“Brown & Brown Europe”), has acquired 100% of the share capital of South East intermediary, ‘Healthcover Ltd’. It is the tenth deal for PCH since becoming part of Brown & Brown Europe in August 2020. This transaction continues the growth which PCH has seen under the leadership of Stephen Hough, PCH’s managing director.
Brighton-based Healthcover Ltd writes personal and business PMI and specialises in international health cover for UK-based customers, which, according to Stephen Hough, was a key factor behind the acquisition.
Mr Hough said: “The addition of Healthcover to the PCH portfolio will support our strategic ambitions for the UK, but crucially also provides us with expansion and deep experience in the International PMI market, which we see as a major opportunity for the business.”
Healthcover MD James Dwyer commented: “We are very excited to join the team at PCH as it will give each of us the opportunity to broaden our reach and client base within a business that is forward-thinking and innovative. Becoming part of the Brown & Brown team was also a key consideration for us, with all the benefits accruing from being part of one of the world’s leading brokerages.”
Mr Hough explained that the Healthcover team will become part of PCH across the UK. The two directors will join PCH as international PMI consultant (James Dwyer) and business healthcare consultant (Shaun Hart). Teammates Jo Walbrin and Rachael Bown will join PCH’s consumer specialist division, Equity Health Solutions.
The acquisition has completed, and the consideration is undisclosed.
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