FSA workload delays Simplyhealth purchase of Groupama


Simplyhealth's purchase of Groupama has been delayed due to the volume of work currently being imposed upon the FSA and legal system.

However Simplyhealth said the deal was otherwise on course and the delay should not have any negative impact on its progress. It is now no longer expected to be completed this year, but an update will be made when the timescale becomes clearer. A statement issued by Simplyhealth said the purchase of Groupama Healthcare is on track ‘but the legal proceedings are taking slightly longer than originally thought due to the number of companies working on similar transactions at this time. ‘This means an increasing workload for the courts and FSA. ‘It is unlikely that the purchase will...

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