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New Deal


Announced

Medibank to invest A$63m in Myhealth Medical Group.

Financials

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Transaction Value£35m
Consideration TypeCash
Capital Owned-
Capital Bid For33%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Minority

medical centres

Pending

Acquisition

Domestic

Australia

Health Care Facilities

Friendly

Private

Synopsis

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Medibank, an Australian private health insurance provider, agreed to invest A$63m in Myhealth Medical Group, Australia's fastest growing medical centre group. Medibank Chief Executive Officer Craig Drummond said Medibank’s investment in Myhealth recognises the vital role of GPs in providing primary care to patients in their local communities and the positive impact this has on the entire health system.

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