Published on 03/08/2011
Healthcare provider Simplyhealth have announced their decision to purchase Groupama Insurances, a UK healthcare business, subject to regulatory approvals.
It is anticipated that it will take between three to six months to rebrand Groupama Healthcare to Simplyhealth, following completion of the legal business transfer.
Des Benjamin CEO at Simplyhealth said: "For the past ten years, Simplyhealth has been looking to add more value and choice to customers through growing a diverse range of products and services. An essential element of this strategy has been achieved through mergers and acquisitions with health providers that share similar values to us.
"By acquiring Groupama Healthcare, an award winning business, we have the opportunity to build greater presence in the small to medium business sector and grow market share.”
François-Xavier Boisseau, CEO at Groupama Insurances says: "We concluded that it would be beneficial to identify a new owner with the scale and resources necessary to offer the support required to build on the progress we have made.”
Simplyhealth shares our mutual values and our strong focus on the customer. We believe that they will provide an excellent new home for our policyholders and for the people at Groupama Healthcare."
© ActiveQuote Health Ltd. 2011
Categories: Health Insurance Company
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