GRP MAKES FIRST ACQUISITION UNDER NEW OWNERSHIP

Global Risk Partners (GRP) is to acquire UK healthcare broker Premier Choice Healthcare, its first acquisition under new ownership and its first in the health insurance sector. In June, Searchlight Capital Partners completed the purchase of a majority stake in GRP, the broker consolidator founded by Peter Cullum and David Margrett. Following completion PCH will become GRP’s healthcare hub, according to GRP’s head of M&A Stephen Ross. “Our intention is to drive further acquisitions of healthcare businesses and portfolios, expanding our overall proposition to offer both new and existing clients a suite of healthcare products alongside our existing services.” Ross said GRP sees “significant M&A opportunity” in the healthcare market.