Leeds-based Independent Health Insurance Services has been acquired by private medical insurance consolidator Chase Templeton.
This is the third acquisition to be completed in 2016 by the private equity backed company and brings in a further 540 clients and £1.56m of annual premium income.
Leeds-based Independent Health Insurance Services was founded in 2002 by Wayne Jackson who has decided to pursue other business interests.
The deals are the latest concluded under Chase Templeton’s highly successful “buy and build” strategy which has seen it acquire well over 50 businesses and books since securing the backing of Palatine Private Equity in 2013. It comes after the company added some £40m in API in the last quarter (Oct-Dec 2015) alone following the purchases of Healthcare Partners, Atlas Consulting Group and Consilium Employee Benefits.