Health and wellbeing intermediary Lifepoint Healthcare has confirmed it has completed the purchase of the healthcare portfolio of Just Private Medical Limited for an undisclosed sum.
The acquisition will add around 120 clients to the North London-based firm’s business.
Lifepoint Healthcare director Isaac Feiner developed his private medical insurance business following a personal tragedy that highlighted to him the importance of the value of cover.
Feiner is an executive committee member of The Association of Medical Insurers & Intermediaries (AMII) and is the author of ‘An Essential Guide to Health Insurance for Companies’.
Lifepoint Healthcare director Isaac Feiner says: “We have made no secret of our growth aspirations with the intention of becoming a major player in the health and wellbeing space. We have ambitions to build a £100million premium income business and are delighted to have completed this acquisition.
Our plan is to continue our organic growth complimented by key strategic acquisitions of businesses and portfolios which are the right cultural fit for the Lifepoint Group and where the owners are looking to exit the market for whatever reason.
“I am hopeful of making further acquisition announcements over the coming weeks.”
Just Private Medical Limited director Jason Becker says: “I am delighted to have concluded the sale of our portfolio of healthcare clients to Lifepoint Healthcare.
“They are a customer focused business delivering a first-class service who I know will take great care of our clients.
“The sale enables me to focus on continuing the growth of our financial advice business.”