Simplyhealth has agreed to buy Groupama Healthcare.
The health insurance provider said it would take approximately three to six months for the full details of the deal to be worked out, subject to regulatory approval. Simplyhealth has both private medical insurance (PMI) and cash plan products, while Groupama specialises in the group PMI market. The insurer believes the move will take it into the top five PMI providers in the UK market. A statement from Simplyhealth said that it had "reached agreement to purchase the UK healthcare business of Groupama Insurances, subject to the required regulatory approvals. "Groupama Healthcare ...
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