Healthcare broker receives investment from MAC Group

Preston-based specialist medical and healthcare broker, Nugent Santé, is to embark on expansion plans following the acquisition of 50 per cent of its business by the MAC Group for an undisclosed sum.

Nugent Santé launched in January 2016 and already manages in excess of £5m of annual insurance premium for private and corporate clients.

Isle of Man corporate financial advisor and insurance broker MAC Group, which comprises MAC Financial, MAC Commercial and MAC Financial Pension Trustees, manages the benefits of 11,500 employees in schemes on the Isle of Man.

MAC Group’s managing director, Jon McGowan said: “We are delighted to announce our partnership with Nugent Santé which not only gives us opportunities for expansion in the UK but also offers MAC Group access to market leading healthcare schemes that are simply not available elsewhere.

“This acquisition is part of a strategic plan of investment and development for MAC Group. We believe it will act as a springboard for further acquisitions and other opportunities. We already have a number of exciting developments in the pipeline and hope to make more announcements later in 2016.”

“Our business has grown organically through doing the basics right – offering a first class service but this investment will be a key factor in the future success of Nugent Santé. I’m extremely excited about the potential we can achieve working with the MAC Group and how we can also support its plans to develop its business in the UK.” Nugent Santé was advised by David Filmer of Harrison Drury solicitors and Mark James Hall of MJH Accountants.