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Three intermediaries acquired by base Templeton in two days

Tuesday, August 26, 2014

Chase Templeton, the private medical insurance (PMI) intermediary consolidator, has acquired three firms in two days.

The company bought Bedfordshire-based consultancy Howill Group, which traded as Medisearch Direct, Chelmsford’s Simply Assured Ltd and Stenhousemuir-based Heath Assured (Scotland) Ltd.

Simply Assured and Health Assured specialise in SME healthcare, while Medisearch Direct focuses on individual business.

The deals, which add £4.2m in annual premium income, boost Chase Templeton’s individuals business based in Bridgwater and its SME-focused corporate operation in Blackburn.

“Once again we identified intermediaries who were looking to realise the true value of their assets and whose operations offered an excellent fit with our own business and ambitions,” said mergers and acquisitions director Jeff Tate, who joined the firm in June.

Tate added that Chase Templeton has further deals pipelined as the company continues its consolidation of the market.

The new acquisitions bring to 23 the number completed in 2014. They include Glasgow-based Chartered Life, Ealing-based SJS Healthcare Associates and Kenilworth-based Health Assist.

Category: Health Insurance

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