Premier Choice Healthcare (PCH), the health insurance intermediary hub owned by Brown & Brown, announced on October 18 the acquisition of the entire share capital of Brighton-based Healthcover Ltd.
Healthcover specializes in personal and business private medical insurance (PMI) and has a distinct focus on international health coverage for U.K.-based customers.
Founded in 1996, PCH is one of the largest independent insurance intermediaries in the United Kingdom, providing market strength and support with a wide range of resources and expertise.
As part of the deal, the Healthcover team will integrate into PCH across the United Kingdom. Healthcover’s two directors will take up roles within PCH as the international PMI consultant (James Dwyer) and the business healthcare consultant (Shaun Hart). Healthcover teammates Jo Walbrin and Rachael Bown will join PCH’s consumer specialist division, Equity Health Solutions. Financial terms of the deal were not disclosed.
According to data captured in the LevinPro HC database, this transaction marks the 26th Managed Care transaction of 2023. This is a 35% decrease from last year when 40 Managed Care transactions were announced between January 1, 2022, and October 18, 2022.
