Aviva plc ("Aviva") announces that Norwich Union Occupational Health Limited ("NUOH"), a wholly owned subsidiary of Norwich Union Life Holdings, has acquired the business and fixed assets of Private Health Care Limited Liability Partnership ("PHC").
Aviva plc ("Aviva") announces that Norwich Union Occupational Health Limited ("NUOH"), a wholly owned subsidiary of Norwich Union Life Holdings, has acquired the business and fixed assets of Private Health Care Limited Liability Partnership ("PHC"). PHC, which will become part of Norwich Union's Healthcare division, is one of the UK's leading independent occupational health service providers, with annualised turnover in excess of Ł7 million. As at 30 September 2004, the gross value of the assets purchased by NUOH was Ł1.8 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 centres, and a wide network of qualified physiotherapists and counsellors. 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 clinics in Wolverhampton, London, Birmingham and Liverpool.
Commenting on the acquisition, Graham Boffey, managing director of Norwich Union Healthcare, said: "We recognise 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. We shall now be able to offer an
extensive range of services to our corporate customers, including occupational health and consultancy services provided by highly trained physicians and nurses."
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Media
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Nicole Marques, investor relations manager +44 (0)20 7662 8302
Notes to editors:
- Aviva is the world"s sixth-largest insurance group based on gross worldwide premiums and market capitalisation (at 31 December 2004); it is one of the leading providers of life and pensions in Europe and has substantial businesses in other markets around the world.
- Aviva's main activities are savings, investment and insurance, with worldwide total income of Ł40 billion and assets under management of Ł280 billion at 31 December 2004.
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