Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Medibank announces acquisition of McKesson

Medibank announces acquisition of McKesson Asia-Pacific

Medibank, Australia's largest integrated private health insurance and health services group, today announced it has signed a Share Purchase Agreement to acquire fellow health services provider, McKesson Asia-Pacific Pty Ltd, as an extension of its health management capability.

McKesson New Zealand Ltd, which delivers Healthline and other telephone health services in New Zealand, is a fully owned subsidiary of McKesson Asia-Pacific and forms part of the acquisition.

Medibank Private Managing Director, George Savvides, expressed his enthusiasm for the acquisition and said it was a natural extension to their current long-term business relationship with McKesson Asia-Pacific and to the work both organisations are currently delivering in the broader health system.

"McKesson is a unique and quality health services provider delivering programmes to government, the health sector, corporations and health insurers, including Medibank Private.

"We have worked with McKesson Asia-Pacific over the past five years and this has allowed us to see first-hand the strengths of the McKesson business. We believe that an acquisition has significant benefits for both organisations and our customers and we are committed to delivering the quality services currently offered by McKesson," Mr Savvides said.
McKesson's telephone health management programmes include New Zealand's Healthline, and the Australian-based healthdirect Australia, NURSE-ON-CALL, and betterhealth On Call.

Mr Savvides says the acquisition will not affect the delivery of services currently provided by McKesson New Zealand, which will begin trading as Medibank Health Solutions NZ Ltd.

"Medibank is committed to the delivery of high-quality services to our New Zealand customers. Healthline and other services will continue to be provided by a New Zealand-registered company, and it will be business as usual for clients and callers."
The acquisition is subject to regulatory approval.

ENDS


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Interest Rates: Wheeler Hikes OCR To 3% On Inflationary Pressures, Eyes Kiwi

Reserve Bank governor Graeme Wheeler lifted the official cash rate for the second time in as many months, saying non-tradable inflationary pressures were "becoming apparent" in an economy that’s picking up pace and he's watching the impact of a strong kiwi dollar on import prices. More>>

ALSO:

Scoop Business: Equity Crowd Funding Carries Risks, High Failure Rate

Equity crowd funding, which became legal in New Zealand this month, comes with a high risk of failure based on figures showing existing forays into social capital have a success rate of less than 50 percent, one new entrant says. More>>

ALSO:

Scoop Business: NZ Migration Rises To 11-Year High In March

The country gained a seasonally adjusted 3,800 net new migrants in March, the most since February 2003, said Statistics New Zealand. A net 400 people left for Australia in March, down from 600 in February, according to seasonally adjusted figures. More>>

ALSO:

Hugh Pavletich: New Zealand’s Bubble Economy Is Vulnerable

The recent Forbes e-edition article by Jesse Colombo assesses the New Zealand economy “ 12 Reasons Why New Zealand's Economic Bubble Will End In Disaster ”, seems to have created quite a stir, creating extensive media coverage in New Zealand. More>>

ALSO:

Thursday Market Close: Genesis Debut Sparks Energy Rally

New Zealand stock rose after shares in the partially privatised Genesis Energy soared as much as 18 percent in its debut listing on the NZX, buoying other listed energy companies in the process. Meridian Energy, MightyRiverPower, Contact Energy and TrustPower paced gains. More>>

ALSO:

Power Outages, Roads Close: Easter Storm Moving Down Country

The NZ Transport Agency says storm conditions at the start of the Easter break are making driving hazardous in Auckland and Northland and it advises people extreme care is needed on the regions’ state highways and roads... More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news