ADVO Group is pleased to announce the acquisition of Health Care Plus (HCP), a specialist medical insurance intermediary based in Abingdon, Oxfordshire, for an undisclosed sum.
The acquisition further strengthens the group’s portfolio and its reputation as one of the leading independently-owned specialist health intermediaries in the UK.
Health Care Plus was established in January 1994 and has won a raft of awards, as has its new owner.
Health Care Plus’s Sue Smith will remain with the business, which will retain the Abingdon office, adding to ADVO’s presence in London and Maidstone.
Sue Smith commented “Health Care Plus is delighted to become part of the ADVO Group, a company that is tremendously well respected by both intermediaries and insurers. This is an exciting opportunity and I look forward to working with ADVO and contributing to its future growth and success whilst continuing to offer a high level of service to my clients.”
Larry Bulmer, ADVO’s CEO, added:
“This is a tremendous transaction both for ADVO and for Sue, and we look forward to working with a highly respected member of the specialist intermediary community. The acquisition demonstrates ADVO’s commitment to expansion through acquisition of partners of similar outlook and values. We are always open to discussion with intermediaries, and our flexible approach allows us to structure exit strategies either in stages or via a single transaction.
Larry Bulmer: Pictured above
ADVO Group is one of the UK’s leading specialist independent healthcare intermediaries. Established in 1997, the group has grown partly through acquisition and partly through sustained organic business development. Organic growth was 11% in the last 12 months.
The company attributes its success to its investment in customer services and client-facing technology.
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