HBF Health Insurance, a not-for-profit health fund, agreed to acquire Queensland Country Health Fund, a private health insurance company. Financial terms were not disclosed. “Bringing QCHF under the HBF banner simply makes sense for both organisations. By building economies of scale at a national level, and through our not-for-profit status and values, we will continue to provide competitively priced products and maintain high-value health cover for every one of our members," Diane Smith-Gander AO, HBF Chair.