Chase Templeton maintains momentum with acquisition of Leeds advisory firm

Private medical insurance consolidator Chase Templeton has maintained the momentum of its successful buy and build strategy with the acquisition of Independent Health Insurance Services.

The deal is the third to be completed this calendar year by the acquisition hungry company and brings in a further 540 clients and £1.56m of annual premium income, some 60 percent of which comes from the SME segment in which Chase Templeton is now a major player.

It follows Chase Templeton’s purchases of Health Equity Solutions and Caledonian Health Solutions last month. Those deals added £2.15m of again predominantly SME generated API.

Commenting on his decision, he said: “When I decided to sell-up, Chase Templeton, being the biggest and most pro-active consolidator in the market, was an obvious and attractive choice.

Chase Templeton’s mergers and acquisitions director, Jeff Tate, said: “Independent Health Insurance Services managed a strong portfolio of SME clients to which we think, by virtue of our size and broad spectrum expertise, can bring added value.

Individual clients will be served via the company’s Individuals Centre of Excellence in Bridgwater, Somerset with business policies administered through the SME equivalent at Chase Templeton’s headquarters in Darwen, Lancashire.