Simplyhealth has agreed to buy Groupama Healthcare, subject to the required regulatory approvals. Groupama Healthcare will be rebranded to Simplyhealth following completion of the necessary legal business transfer. It is anticipated that this will take between three to six months.
Des Benjamin at Simplyhealth comments: "By acquiring Groupama Healthcare, we have the opportunity to build greater presence in the small to medium business sector and grow market share. Following the completion of this latest acquisition we will be a top five health insurance provider."