{"id":14417,"date":"2023-02-20T08:32:37","date_gmt":"2023-02-20T13:32:37","guid":{"rendered":"https:\/\/www.bbinsurance.com\/?post_type=insight&p=14417"},"modified":"2023-02-20T08:32:37","modified_gmt":"2023-02-20T13:32:37","slug":"grps-premier-choice-healthcare-acquires-visibly-financial-services-and-gill-nicholson","status":"publish","type":"insight","link":"https:\/\/www.bbrown.com\/us\/insight\/grps-premier-choice-healthcare-acquires-visibly-financial-services-and-gill-nicholson\/","title":{"rendered":"GRP’s Premier Choice Healthcare Acquires Visibly Financial Services and Gill Nicholson"},"content":{"rendered":"

Premier Choice Healthcare acquires two books of PMI business
\n<\/strong>Owners to become PCH brand ambassadors post-completion<\/strong><\/p>\n

Premier Choice Healthcare (PCH), the health insurance intermediary owned by GRP, has announced two acquisitions, Visibly Financial Services (trading as Visibly Health) and, separately, a book of business controlled by Gill Nicholson, a self-employed consultant.<\/p>\n

The deal follows similar dual acquisitions for PCH, with two in August and two in November last year.<\/p>\n

The two businesses operate in the health insurance space, and PCH is buying the portfolios of customers for both.<\/p>\n

Visibly Health, which is Cambridge-based, is led by Debbie Jones and focuses on private medical cover for SME businesses. Debbie will join PCH post-completion as a brand ambassador to enable her to assist PCH with customer retention as well as sales growth.<\/p>\n

Gill Nicholson is based in County Durham and has been a consultant for PCH for the previous 11 years.\u00a0 After completion, Gill will step back from the day-to-day management of her portfolio but, like Debbie Jones, will also become a PCH brand ambassador post-completion.<\/p>\n

Stephen Hough, PCH managing director, explained that a PCH consultant will manage the Visibly Health SME portfolio and an adviser within Equity Health Solutions (Specialist Consumer PMI division of PCH) will look after the private clients.<\/p>\n

\u201cVisibly Health is a well-run, successful private healthcare intermediary with an experienced leader in Debbie Jones. I\u2019m pleased that she will continue to support the portfolio in the future.\u201d<\/p>\n

\u201cThis is an important acquisition for PCH, and we are keen to talk to other entrepreneurs in our sector looking to take some value from their life\u2019s work.\u201d<\/p>\n

Turning to Gill Nicholson\u2019s portfolio, which comprises PMI insurance and employee benefits, of which 93% relates to SME businesses, Mr Hough said: \u201cThis deal fits with our broader strategy of buying businesses and portfolios from within our existing network.\u00a0 Moreover, it\u2019s great that we are able to capitalise on Gill\u2019s skills, experience and track record in building a successful portfolio in the PMI sector.\u201d<\/p>\n

\u201cWe are keen for self-employed consultants and ARs to see PCH as the best possible home for them as a platform on which to grow.\u00a0 In addition, once they are looking to step back and retire, they can optimise the value for their business through a seamless sale to PCH.\u201d<\/p>\n

 <\/p>\n

About Premier Choice Healthcare<\/strong><\/p>\n

PCH is a specialist healthcare intermediary providing a full suite of health insurance, group risk and protection products, including private medical, dental, income replacement, business protection and term assurance, to SMEs and individuals.<\/p>\n

The company, founded in 1996, has built a strong reputation in the healthcare marketplace and now controls over \u00a380m of GWP. It is now based in five UK locations (London, Towcester, Bournemouth, Bristol and Preston) and has 64 employees.<\/p>\n

In June 2020, it was acquired by GRP as the Group\u2019s Health and Employee Benefits hub.<\/p>\n

About Global Risk Partners<\/strong><\/p>\n

GRP operates retail broking, specialist MGA, network and Lloyd\u2019s businesses, enabling the business to serve the growing insurance and risk management needs of its clients.\u00a0 GRP is an operating unit of Brown & Brown, Inc.\u2019s Retail segment.<\/p>\n

About Brown & Brown, Inc.<\/strong><\/p>\n

Brown & Brown, Inc. (NYSE: BRO) is a leading insurance brokerage firm, delivering risk management solutions to individuals and businesses since 1939. With more than 14,500 teammates in 450+ locations worldwide, we are committed to providing innovative strategies to help protect what our customers value most. For more information or to find an office near you, please visit bbrown.com.<\/p>\n

 <\/p>\n

This press release may contain certain statements relating to future results which are forward-looking statements, including those associated with this acquisition. These statements are not historical facts but instead represent only Brown & Brown\u2019s current belief regarding future events, many of which, by their nature, are inherently uncertain and outside of Brown & Brown\u2019s control. It is possible that Brown & Brown\u2019s actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in these forward-looking statements. Further information concerning Brown & Brown and its business, including factors that potentially could materially affect Brown & Brown\u2019s financial results and condition, as well as its other achievements, is contained in Brown & Brown\u2019s filings with the Securities and Exchange Commission. Such factors include those factors relevant to Brown & Brown\u2019s consummation and integration of the announced acquisition, including any matters analyzed in the due diligence process, and material adverse changes in the business and financial condition of the seller, the buyer, or both, and their respective customers. All forward-looking statements made herein are made only as of the date of this release, and Brown & Brown does not undertake any obligation to publicly update or correct any forward-looking statements to reflect events or circumstances that subsequently occur or of which Brown & Brown hereafter becomes aware.<\/p>\n

 <\/p>\n

Information: Ben Welsh 07568 382040<\/p>\n","protected":false},"excerpt":{"rendered":"

Premier Choice Healthcare (PCH), the health insurance intermediary owned by GRP, has announced two acquisitions, Visibly Financial Services (trading as Visibly Health) and, separately, a book of business controlled by Gill Nicholson, a self-employed consultant.<\/p>\n","protected":false},"author":13,"featured_media":18750,"template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"insight_category":[142,127,130,141,134],"class_list":["post-14417","insight","type-insight","status-publish","has-post-thumbnail","hentry","insight_category-acquisition","insight_category-company-news","insight_category-corporate-news","insight_category-investor-relations","insight_category-mergers-acquisitions"],"acf":[],"yoast_head":"\nGRP's Premier Choice Healthcare Acquires Visibly Financial Services and Gill Nicholson - Brown & Brown<\/title>\n<meta name=\"description\" content=\"Hamilton Fraser, part of GRP, has acquired Edmondsons Limited (Edmondsons), a London-based commercial lines insurance broker.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bbrown.com\/us\/insight\/grps-premier-choice-healthcare-acquires-visibly-financial-services-and-gill-nicholson\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GRP's Premier Choice Healthcare Acquires Visibly Financial Services and Gill Nicholson\" \/>\n<meta property=\"og:description\" content=\"Hamilton Fraser, part of GRP, has acquired Edmondsons Limited (Edmondsons), a London-based commercial lines insurance broker.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bbrown.com\/us\/insight\/grps-premier-choice-healthcare-acquires-visibly-financial-services-and-gill-nicholson\/\" \/>\n<meta property=\"og:site_name\" content=\"Brown & Brown\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bbrown.com\/wp-content\/uploads\/2022\/07\/GRP-Acquisition-Announcement.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1425\" \/>\n\t<meta property=\"og:image:height\" content=\"836\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.bbrown.com\/us\/insight\/grps-premier-choice-healthcare-acquires-visibly-financial-services-and-gill-nicholson\/\",\"url\":\"https:\/\/www.bbrown.com\/us\/insight\/grps-premier-choice-healthcare-acquires-visibly-financial-services-and-gill-nicholson\/\",\"name\":\"GRP's Premier Choice Healthcare Acquires Visibly Financial Services and Gill Nicholson - 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