CMA clears Simplyhealth’s sale of its private medical insurance business to AXA PPP healthcare
Simplyhealth Group Limited (“Simplyhealth” or “the Group”) announces today that the Competition and Markets Authority (CMA) has cleared the Group’s sale of its private medical insurance (PMI) business and Simplyhealth Administration Services Limited (SASL), which administers its self-funded business, to AXA PPP healthcare. The sale, which was agreed in April, is expected to complete on 1 August 2015.
We are pleased to receive the CMA’s clearance for the sale. Today is a significant milestone in our long history, as we push ahead with our strategy to increase investment in businesses that meet a growing need in the UK for everyday healthcare provision. The funds we raise from the sale will enable us to grow our cash plan, pet plan, independent living and dental delivery businesses as well as acquiring businesses in new growth areas.