Capita acquires National Dental Plan
24 August 2010
CAPITA ACQUIRES NATIONAL DENTAL PLAN
The Capita Group Plc (`Capita') announced today that it has acquired the
National Dental Plan group of companies ("NDP") for a cash consideration of £30
million on a cash-free, debt-free basis.
NDP is one of the largest providers of corporate dental plans in the UK. It
operates some of the biggest dental insurance schemes in the country;
designing, distributing, arranging underwriting for and administering dental
insurance policies to more than 300 clients, representing 120,000 underlying
insured members. Customers include Lloyds Banking Group, HSBC and BT.
NDP made a consolidated operating profit for its financial year to 31 March
2010 of £4.1 million on turnover of £13.4 million.
Commenting on the deal, Paul Pindar, Chief Executive of The Capita Group Plc
said: "The acquisition adds further capabilities to Capita's specialist
insurance services business, extending its range of tailored insurance
services, including employee benefits schemes, to both private and public
sectors. "
NDP has circa 20 staff, all based in London.
-ends-
For further information:
The Capita Group Plc
Tel: 020 7799 1525
Paul Pindar, Chief Executive
Shona Nichols, Corporate Communications Director
Media enquiries:
Capita press office
Caroline Mooney
Tel: 0207 654 2152 or 020 7654 2399 (out of hours)
Notes to editors
Capita Insurance Services is the UK's leading provider of business support
services to the insurance industry offering professional services, operational
solutions and strategic partnerships for insurers, brokers, affinities,
corporates, government and the London market. The company is an FSA authorised
representative and supports the complete insurance lifecycle from claims
reception and policy administration, to specialist services including legal
services, medical evidence services, complex loss adjusting, supply chain
management and the delivery of fully-managed operational solutions both onshore
and offshore. Ranked No.1* for customer service in the Insurance Services
market in three consecutive years, Capita Insurance Services administers in
excess of £12bn insurers' liability and employs more than 4,400 staff across an
integrated network of UK business centres. www.capitainsuranceservices.co.uk
The Capita Group Plc is the UK's leading provider of BPO and integrated
professional support service solutions. With 36,000 people at more than 300
sites, including 59 business centres across the UK, Ireland, the Channel
Islands and India, the Group uses its expertise, infrastructure and scale
benefits to transform its clients' services, driving down costs and adding
value. Capita is quoted on the London Stock Exchange (CPI.L), and is a
constituent of the FTSE100 with revenues for 2009 of £2,687 million. Further
information on The Capita Group Plc can be found at: http://www.capita.co.uk
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