The corporate team from the Manchester office of Shoosmiths has advised private medical insurance broker Chase Templeton on its 16th strategic acquisition this year, the largest to-date for the company.

This latest acquisition in a string of deals sees Chase Templeton acquiring private medical insurance consultancy, Consilium Employee Benefits. The acquisition is bringing in over £14m of additional annual premium income (API), taking the overall total of API acquired by Chase Templeton during 2015 to £35m.

The Shoosmiths’ Manchester team has advised Chase Templeton on more than 50 acquisitions since the private health insurance specialist secured investment from Palatine Private Equity in 2013. Chase Templeton, which is headquartered in Darwen, Lancashire and works with insurers including Aviva and Bupa, is now the biggest consolidator in its market, having brought in a raft of private medical insurance brokers and books of insurance business.

The acquisition of Consilium Employee Benefits will further strengthen Chase Templeton’s corporate and SME client credentials and bolster its team of expert intermediaries. This deal now represents the largest acquisition completed by Chase Templeton, having overtaken the acquisition of Atlas Consulting Group which added £13.8 million of API to the business in August this year.

The series of acquisitions has contributed to Chase Templeton’s substantial growth in annual premium income, turnover and profitability. The combined business now has over £125m in API, protects over 110,000 lives and employs nearly 100 staff who serve in excess of 35,000 corporate and individual clients.

Shoosmiths’ corporate partner Karen Procter – who has worked with Chase Templeton closely since 2012 – and associate Benjamin Dredge advised on the acquisition of Consilium Employee Benefits.