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

 

Scoop Business: RBNZ Keeps OCR At 3.5%, Signals Slower Pace Of Future Hikes

Reserve Bank governor Graeme Wheeler kept the official cash rate at 3.5 percent and signalled he won’t be as aggressive with future rate hikes as previously thought as inflation remains tamer than expected. The kiwi dollar fell to a seven-month low. More>>

ALSO:

Weather: Dry Spells Take Hold In South Island

Many areas in the South Island are tracking towards record dry spells as relatively warm, dry weather that began in mid-August continues... for some South Island places, the current period of fine weather is quite rare. More>>

ALSO:

Scoop Business: Productivity Commission To Look At Housing Land Supply

The Productivity Commission is to expand on its housing affordability report with an investigation into improving land supply and development capacity, particularly in areas with strong population growth. More>>

ALSO:

Forestry: Man Charged After 2013 Death

Levin Police have arrested and charged a man with manslaughter in relation to the death of Lincoln Kidd who was killed during a tree felling operation on 19 December 2013. More>>

ALSO:

Smells Like Justice: Dairy Company Fined Over Odour

Dairy company fined over odour Dairy supply company Open Country Dairy Limited has been convicted and fined more than $35,000 for discharging objectionable odour from its Waharoa factory at the time of last year’s ”spring flush” when milk supply was high. More>>

Scoop Business: Dairy Product Prices Decline To Lowest Since July 2012

Dairy product prices dropped to the lowest level since July 2012 in the latest GlobalDairyTrade auction, led by a slump in rennet casein and butter milk powder. More>>

ALSO:

SOE Results: TVNZ Lifts Annual Profit 25% On Flat Ad Revenue, Quits Igloo

Television New Zealand, the state-owned broadcaster, lifted annual profit 25 percent, ahead of forecast and despite a dip in advertising revenue, while quitting its stake in the pay-TV Igloo joint venture with Sky Network Television. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand

Mosh Social Media
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news