30th Sep 2005 15:47
Aviva PLC30 September 2005 News release 30 September 2005 AVIVA ACQUIRES THE BUSINESS OF PRIVATE HEALTH CARE Aviva plc ("Aviva") announces that Norwich Union Occupational Health Limited ("NUOH"), a wholly owned subsidiary of Norwich Union Life Holdings, has acquiredthe business and fixed assets of Private Health Care Limited LiabilityPartnership ("PHC"). PHC, which will become part of Norwich Union's Healthcaredivision, is one of the UK's leading independent occupational health serviceproviders, with annualised turnover in excess of £7 million. As at 30 September2004, the gross value of the assets purchased by NUOH was £1.8 million. The core services provided by PHC include mobile health screening,pre-employment health assessments, executive health screening, and absence andsickness management. PHC has access to over 100 approved medical centres, and a wide network ofqualified physiotherapists and counsellors. It is innovative among the majoroperators in providing occupational health services through 27 mobile clinics,which travel to client sites. Services are also provided at specialist clinicsin Wolverhampton, London, Birmingham and Liverpool. Commenting on the acquisition, Graham Boffey, managing director of Norwich UnionHealthcare, said: "We recognise that the demand for integrated health solutionsis growing in the UK. The acquisition of PHC is a strategic initiative designedto broaden Norwich Union Healthcare's market offering, and provide a platformfor more integrated corporate health and protection solutions in the future. Weshall now be able to offer an extensive range of services to our corporatecustomers, including occupational health and consultancy services provided byhighly trained physicians and nurses." - ends - Enquiries: Media Sue Winston, head of group media relations +44 (0)20 7662 8221 Dominic Peasley, Financial Dynamics +44 (0)20 7269 7243 Analysts Charles Barrows, investor relations director +44 (0)20 7662 8115 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 world-wide 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 world-wide total income of £40 billion and assets under management of £280 billion at 31 December 2004. • The Aviva media centre at www.aviva.com/media includes images, company and product information and a news release archive. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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