Axa buys Age UK’s telecare business

Pension-Pensioners-Happy-Elderly-Men-500x320.jpgAXA is buying Age UK’s telecare business to extend its presence in the health and care markets.

Aid-Call provides personal alarm services for over 50,000 people throughout the UK and has been operating in the UK for over 35 years. The company is based in Ashburton, Devon, and employs around 140 people.

Axa says the acquisition, which is subject to FCA approval, is part of its drive to develop propositions that enable older people to maintain their independence, dignity and wellbeing while living in their own homes.

Axa PPP Healthcare chief executive Keith Gibbs says: “We are delighted to be acquiring Aid-Call Limited from Age UK – an organisation with whom we have a shared ethos and a shared commitment to delivering exceptional customer service.  Aid-Call Limited, with its size, well established operating procedures, direct to consumer experience and its deep understanding of the needs of older people, is an excellent fit for Axa.

Age UK chief executive Tom Wright says: “Age UK’s trading arm will continue to be involved for the foreseeable future and, in our fast changing technological world, we think it makes a lot of sense for us to be partnering on the Personal Alarm with such a major company as Axa PPP Healthcare, with its impressive global reach.”