Chase Templeton begins acquisition spree

Fast-growing private medical insurance specialist Chase Templeton has completed the first in a new series of acquisitions with the purchase of Kenilworth-based Health Assist Ltd.

Specialising in company PMI, employee benefits and group risk Health Assist was founded in 2005 by managing director Simon Allen. He decided to sell in order to focus on other business interests and agreed a deal which will add £1.9m in annual premium income to Chase Templeton’s business division.

He added: “In line with our proven ‘buy and build’ strategy we will look to nurture and embrace Health Assist’s clients and secure additional API and profit through organic growth.”

The acquisition is the first in a series Chase Templeton has in the pipeline for this and next month. Backed by funding from Palatine Private Equity, the company has been actively seeking potential takeover targets, ranging from fully fledged brokers to the books of consultants and IFAs.

“We are close to signing off several other acquisitions of varying size and remain hungry for more.” said Warren Dickson. The Health Assist business will be integrated with Chase Templeton’s business operation which is housed at its Blackburn headquarters. The company, which employs nearly 60 staff, also has an office specialising in individual and family health insurance in Bridgwater, Somerset.