Premier Choice Healthcare has acquired the portfolio of Sussex-based health insurance broker SJA International, which trades as SJA Health Insurance.
This is the first acquisition since Premier Choice Healthcare (PCH) itself was acquired by GRP to be its healthcare hub, with a brief to expand the group’s presence in the healthcare and protection market.
SJA which was established 20 years ago, specialises in health insurance products for businesses and individuals, and operates both in the UK and internationally.
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.
PCH managing director Claire Ginnelly says this deal demonstrated the company’s commitment to drive expansion of GRP’s healthcare operation. “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.”
GRP head of M&A Stephen Ross adds: “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.”