Highbridge Principal Strategies (HPS) and Madison Dearborn Partners (MDP), as parts of The Ardonagh Group, will acquire The Health and Protection Solutions Ltd into a jointly owned entity (Nevada Investments Topco). The transaction is expected to complete in the second quarter of 2018. Health and Protection Solutions Limited operates as a subsidiary of AXA PPP Healthcare Group Plc., doing business as The Health Insurance Group, provides health insurance services. “The Health Insurance Group joined AXA in 2008 and, in the past ten years, has formed a strong part of our business. However, as part of AXA’s strategy in the UK, we have concluded that whole of market intermediaries who offer advised sales are best placed within businesses focussed on distribution, and this transaction will allow The Health Insurance Group to form part of a portfolio of leading broking businesses." said Keith Gibbs AXA 's Chief Executive.