The Private Health Partnership (PHP), part of the Skipton Building Society group, has acquired Health Care Matters for an undisclosed sum.
The Health Care Matters portfolio has £1.2 million annual premium income with a national geographical spread.
Jan Lawson, PHP’s managing director said Health Care Matters’ existing clients are the firm’s key priorities. “We have an excellent track record of integrating businesses into the PHP infrastructure ensuring a smooth transition for the clients, corporate and individual, who are always and without exception our most important priority.”
This is PHP’s ninth acquisition since it became part of Skipton Building Society group. The company has also expressed a continued interest in talking to intermediaries considering selling either their business or PMI portfolios.
PHP’s announcement comes on the back of the latest figures from the Association of British Insurers, which show that the number of people covered by PMI continued to rise in 2008 to over 6.2 million from six million in 2007 despite the UK economy going into recession.