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21-05-2009PHP buys Health Care Matters

The Private Health Partnership Ltd (PHP), part of Skipton Building Society group, has acquired Health Care Matters for an undisclosed sum. Health Care Matters was established in 1993 by George Connelly who will be retiring after more than 30 years in the PMI industry.

The Health Care Matters portfolio has £1.2 million annual premium income predominantly made up from individual clients with a national geographical spread.

Jan Lawson, PHP’s Managing Director said, "Health Care Matters has an excellent reputation for valuing all its customers and George wanted to ensure his clients would be very well looked after."

"We have an excellent track record of integrating businesses into the PHP infrastructure ensuring a smooth transition for the clients, corporate and individual, who are always and without exception our most important priority."

George Connelly said, "I have known Jan Lawson for more than 15 years. When I finally took the decision to retire I wanted to be sure my clients would be looked after by a business which is customer focussed with a strong reputation for service."

"The values held by PHP and their commitment to treating customers fairly, which has been evident within the business for more than 20 years, convinced me they had the right ethos to ensure my clients continue to receive tailored independent advice and a professional service of the highest standard."

PHP’s latest announcement comes on the back of the latest ABI (Association of British Insurers) figures which showed that the number of people covered by PMI continued to rise in 2008 to over 6.2 million from 6 million in 2007 despite the UK economy going into recession, a sign that healthcare remains very important to people.

This is PHP’s 9th acquisition since becoming part of Skipton Building Society group and the company continues to be very interested in talking to intermediaries considering selling either their business or PMI portfolios.

ENDS

The Private Health Partnership Ltd is authorised and regulated by the Financial Services Authority.