Norwich Union Occupational Health Limited, a wholly owned subsidiary of Norwich Union Life Holdings, has acquired the business and fixed assets of Private Health Care LLP.
Private Health Care LLP (PHC), which will become part of Norwich Union’s Healthcare division, is one of the UK’s leading independent occupational health service providers, with annualized turnover in excess of GBP7 million. As at 30 September, 2004, the gross value of the assets purchased by Norwich Union Occupational Health Limited (NUOH) was GBP1.8 million.
The core services provided by PHC include mobile health screening, pre-employment health assessments, executive health screening, and absence and sickness management.
PHC has access to over 100 approved medical centers, and a wide network of qualified physiotherapists and counselors. It is innovative among the major operators in providing occupational health services through 27 mobile clinics, which travel to client sites. Services are also provided at specialist UK clinics in Wolverhampton, London, Birmingham and Liverpool.
Commenting on the acquisition, Graham Boffey, managing director of Norwich Union Healthcare, said: We recognize that the demand for integrated health solutions is growing in the UK. The acquisition of PHC is a strategic initiative designed to broaden Norwich Union Healthcare’s market offering, and provide a platform for more integrated corporate health and protection solutions in the future.