GRP-owned Premier Choice Healthcare [PCH] has boosted its position in the healthcare sector by acquiring the portfolio of Sussex-based health insurance broker SJA International, which trades as SJA Health Insurance.
The deal is PCH’s first since it became part of GRP last June.
SJA Health Insurance specialises in health insurance and related products for businesses and personal clients, both in the UK and internationally. It is one of the leading independent health insurance brokers and consultancy firms in the south of England, established 20 years ago in Pulborough, West Sussex.
Claire Ginnelly, Managing Director of Towcester-based PCH, said the deal demonstrated their commitment to drive expansion of GRP’s healthcare operation.
“We have a clear brief to accelerate growth and this deal demonstrates our commitment to deliver on that,” she said.
“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.”
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.”
Following the acquisition, SJA’s business will be integrated into PCH. SJA Managing Director Andrew Leach will stay on in a consultancy role for an interim period.
About Premier Choice Healthcare
PCH is a specialist healthcare intermediary providing a full suite of health, risk and protection insurance products, including private medical, dental, cash plans, income replacement and business protection to SMEs and individuals.
The company, founded in 1996, has built a strong reputation in the healthcare marketplace and now controls around £60m of GWP. It is based in Towcester, Northamptonshire, and has 25 employees.
In June 2020 it was acquired by GRP as the Group’s healthcare hub.