Chase Templeton swoops for three more

Acquisitive private medical insurance specialist Chase Templeton has rounded off a busy year with the completion of three new deals, including the purchase of its first PMI book from a financial adviser.

The company has also finalised the purchases of Private Medical Insurance Advisors Ltd. of Andover, Hampshire, and JVA Healthcare Services Ltd of Pinner, west London. Both companies served business and individual PMI markets but with strong biases towards the SME sector.

“The purchase of Ludlow’s PMI book also marks a significant milestone as financial planners and IFA PMI books are very much on our shopping list. For most IFAs PMI is increasingly unprofitable, an unwelcome diversion from their core profit centres and we therefore expect the sector to provide further acquisition opportunities going forward.”

These new acquisitions crown a highly successful year for Chase Templeton, bringing the total number of deals completed in 2014 to 26, including Chartered Life, Health Assured (Scotland) Medisearch Direct, Simply Health and SJS Healthcare. Since securing backing from Manchester’s Palatine Private Equity in February 2013 the company has completed 38 deals which boosted API by around £34m.