Independent financial advice (IFA) firm Origen has announced the sale of its healthcare business to Towergate Healthcare.
The move will see Origen’s book of private medical insurance business transferred to Towergate Healthcare, which will manage healthcare services for all of its clients.
Through the partnership, Origen’s clients will have access to a larger healthcare team providing broader expertise and a national footprint of healthcare consultants.
Origen will continue to be responsible for delivering employee benefist consulting on group and executive pensions, group income protection, critical illness, death in service and annuity broking.
Stephen Greenstreet, managing director of Origen, said: “Having reviewed developments in the healthcare market, we concluded the ongoing level of research, analysis and resource required for Origen to continue to deliver these services in-house was significant, and did not make sense for us or our clients. The longer-term interests of our clients will be better served by establishing a strategic partnership with a specialist healthcare adviser.”
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