The acquisition will provide Health Shield with further opportunities to grow within the employer health and wellbeing market, as well as broaden the organisation’s product offering and skills base.
Both organisations’ employer clients will be able to access a wider range of services and products as a result of the acquisition.
Prevent, which provides workplace health assessments and occupational health strategies to organisations and local government authorities, will trade as Health Shield Wellbeing once the acquisition is complete.
Jonathan Burton (pictured), chief executive at Health Shield, said: “Prevent represents a perfect fit with Health Shield’s vision to improve the health and wellbeing of as many people as possible. Both [organisations] are recognised for their expertise and outstanding client service and uniting these two wholly complementary businesses will further enhance our competitive edge.
“[Its] products and services complement a health cash plan offering and will be available through Health Shield on a standalone basis or as part of a tailored health cash plan offering.”
Carl Laidler, director at Prevent, added: “We have been working with Health Shield for many years and it has become increasingly apparent that its reputation for delivering quality health products that really benefit both employers and employees is very closely aligned to our own ethos.”