Premier Choice Healthcare (PCH) which is owned by GRP, has acquired the portfolio of Sussex-based health insurance broker SJA International, which trades as SJA Health Insurance for an undisclosed sum.
The acquisition is the first one instigated by PCH since it became part of GRP last June.
Claire Ginnelly, MD of Towcester-based PCH, commented that the deal demonstrated the company’s “commitment” to drive expansion of GRP’s healthcare operation.
She said: “We have a clear brief to accelerate growth and this deal demonstrates our commitment to deliver on that. There is significant opportunity in the healthcare sector and we will continue to seek out books of business like this one that are the right fit to help us grow our market footprint.”
Following the acquisition, SJA’s business will be integrated into PCH, with the group’s managing director Andrew Leach staying on in a consultancy role for an interim period.
Stephen Ross, head of M&A for GRP, added: “When we acquired PCH we were confident that they would quickly find more opportunities for us and SJA Health Insurance’s portfolio gets us off to a great start.
“Our aim for the healthcare market is to mirror the acquisition success we have had in UK retail commercial broking, allowing us to expand our overall proposition to offer both new and existing clients a suite of healthcare products alongside our existing services.”