Newspaper article Manchester Evening News

Chase Templeton Swallows Up Avanti

Newspaper article Manchester Evening News

Chase Templeton Swallows Up Avanti

Article excerpt

CHASE Templeton, the private medical insurance consolidator backed by Manchester-based Palatine Private Equity, has completed its last major deal of 2015.

The Lancashire firm has acquired the asset purchase of Healthcare Partners, the Braintree intermediary, which traded under the Avanti Healthcare brand.

The acquisition brings a further Pounds 6.8m of annual premium income (API) and over 1,500 clients to the fast-growing business.

Around 60 per cent of that income is generated through SME policies, further strengthening Chase Templeton's position in its core market within the company medical insurance sector.

Following a series of acquisitions, including major deals with Atlas Consulting Group and Consilium Employee Benefits, Chase Templeton has now added some Pounds 40m API to its books in the last three months and Pounds 55m in 2015 as a whole.

Warren Dickson, Chase Templeton's chief executive, said the new deal supported one of the company's key strategic aims. …

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