Simplyhealth Group has agreed to sell The Animal Healthcare Company (AHC) to Premier Veterinary Group (PVG).
The proposed transaction, which is subject to customary regulatory approvals, is expected to complete in November 2020.
This transaction will mean that Simplyhealth will be able to focus wholly on human healthcare. This focus is in line with the company’s commitment of delivering against its purpose.
It entered the pet health plan market in 2011 through the expansion of its dental capitation business model (Denplan) and in 2015 it acquired AHC. The business has since trebled in size and today provides cover for more than one million pets.
It said the transaction will enable both Simplyhealth and AHC to become “stronger businesses”.