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Cashplan duo in healthy merger

HSA Group and HealthSure are merging the two cashplan businesses.

HealthSure will become part of HSA Group and will retain its own brand and office in Manchester. HSA Group is based in Andover. The firms say the move was driven by policyholder interests.

HealthSure says it actively sought a partner firm with a shared business strategy as it seeks new business opportunities and develops new products. HSA was also looking for a similar mutual, not-for-profit organisation.

The merger will bring together 1,200 staff. The new firm will have an annual turnover of 300m, with 20m from HSA and 280m from HealthSure.

HSA Group chairman Des Benjamin says: “This is a further step forward toward our shared aims of providing very best value health cover.”

HealthSure chief executive Richard Sear says: “Health-Sure has experienced 10 years of continued growth and this merger means we will continue to meet policyholders’ rapidly changing health needs.”

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