LoftusLane Capital Partners reposted this
Congratulations to Medibank on their acquisition of a controlling interest in primary healthcare provider Myhealth, advised exclusively by LoftusLane Capital Partners led by Pushkar Thakur.
LoftusLane Capital Partners congratulates Dr. James Liang, Dr. Hadrian Lee and the founding medical doctors and local partners of MyHealth Medical Group (Myhealth) on their successful sale to Medibank. LoftusLane Capital Partners was appointed as exclusive advisors to the transaction. This transaction represents a growing investment interest in Australian-based primary healthcare and allied health services businesses by health insurance groups. Myhealth provides care to more than 3 million Australians across 108 medical centres in VIC, NSW & QLD, employing more than >1,100 doctors. The deal values Myhealth at $260m at enterprise value, placing MyHealth in the top 3 providers of primary care in Australia. LoftusLane Capital Partners continues to see very strong interest across the healthcare sector and remains the M&A adviser of choice in mid-market healthcare and technology transactions. LoftusLane Capital thanks the team at Medibank, including Mark Rogers, Yash Sodhi and Jenny Ma for their professionalism and assistance in closing the deal in the busy month of December. We look forward to witnessing MyHealth’s next phase of growth under the new ownership of Medibank. #healthcare #mergersandacquisitions