Healthcare provider Simplyhealth is planning to sell its pet health plan business The Animal Healthcare Company.
The move is the latest strategic realignment led by chief executive Romana Abdin as the organisation focuses more on its market-leading dental business, Denplan, and its other health and wellbeing services.
Simplyhealth acquired AHC in 2015. Since then, the business has trebled in size and today provides cover for more than one million pets.
Romana said: “Selling our pet health plan business is the right decision for the business itself, for Simplyhealth and for our customers.
“We can all see how complex and fragile access to healthcare is in the UK. Through the current coronavirus pandemic this is more evident than it ever has been and this sale will enable Simplyhealth to focus solely on everyday human healthcare, where we are seeing growing demand from our customers and where we feel we can truly make the biggest difference.”
The sale is expected to be to PVG (Premier Veterinary Group).
Romana told Health Insurance & Protection that this was ‘the best home for the next stage of our pet health plan business’.
The proposed transaction, which is subject to customary regulatory approvals, is expected to complete in November 2020. Terms of the deal were not disclosed.