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Clients to benefit after takeover of private healthcare provider

Published on 04/08/2010
Health insurance firm PruHealth has promised that its customers will benefit following its parent company's takeover of Standard Life Healthcare.

The acquisition means that PruHealth is now the fourth largest health insurance provider in the UK and now gives cover to 700,000 people with a market share of 11 per cent.

PruHealth has said that it will now go about rolling out a new product suite integrating the best of Standard Life's range with that of its own.

Until this point, however, PruHealth will continue to sell and service the entire product range of both businesses.

Neville Koopowitz, PruHealth's chief executive, said: "The combined business will result in a complementary product range and assets in distribution and service as well as scale in negotiations to benefit clients.

"Brokers are core to our strategy and we are firmly committed to this channel and plan to make further investment in broker distribution going forward."

Standard Life Healthcare was founded in 2000 following The Standard Life Group's acquisition of Prime Health Limited in 1994.
© ActiveQuote Ltd. 2010

Categories:  Health InsuranceHealth Insurance Company
Clients to benefit after takeover of private healthcare providerHealth insurance firm PruHealth has promised that its customers will benefit following its parent company's takeover of Standard Life Health    tweet it on twittershare with your friends on Facebookshare with your friends on MySpaceBlog it on your LinkedIn profile

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