Simplyhealth, Britains fifth largest Private Medical Insurer has reached agreement to sell it’s book to AXA-PPP Healthcare.

Subject to regulatory approval, the deal will help AXA-PPP’s further expansion in the sector. Simplyhealth will continue to provide cash plans and dental benefits in an effort to concentrate more on ‘everyday healthcare’. The sale is said to have been a result of a strategic review by Simplyhealth, which has included an 18 month analysis of the market for healthcare related services.