Enterprise Group PLC has entered into an agreement to fully acquire Acacia Health Insurance Limited.

The transaction is subject to regulatory approval.

Acacia has been in existence since 2013 and is a major private health insurance service provider.

Speaking about the transaction, Chief Executive of Enterprise Group, Keli Gadzekpo said “we are very excited about this transaction which has been a significant part of our strategy for some time."

Mr Gadzekpo further stated that "with the addition of health insurance to our portfolio, we are poised to make an even greater contribution to the insurance industry and look forward to offering our services as thoroughbreds to a wider segment of the market."

Enterprise Group PLC (GSE: EGL) is a financial services company comprising five operating companies; Enterprise Insurance Company, Enterprise Life Assurance Company, Enterprise Trustees, Enterprise Properties and Enterprise Funeral Services Ghana trading as ‘Transitions - The Funeral People’. The Group also has operations in Nigeria and The Gambia.

Acacia Health Insurance (Acacia) is a private commercial health insurance company which operating for the benefit of its members.

The company's scheme has accredited Service Providers across the country to provide comprehensive healthcare for all its members.