Street Talk understands the $9.7 billion ASX-listed private health insurance giant will become Myhealth’s largest shareholder
Medibank wants you to see the doctor. Street Talk understands the $9.7 billion ASX-listed private health insurance giant is negotiating with Myhealth Medical Group’s largest shareholder, founder James Liang, to buy out his stake.
It is unclear how much Liang still owns of the medical centre group, but sources said a deal will see Medibank hold a majority share of the company alongside other founding investors, including GPs, on the register.. In what was a complex deal structure, Medibank took a 49 per cent stake in the parent company, Myhealth Medical Holdings, which equates to a 33.4 per cent economic interest across the portfolio of clinics.
By exerting more control over what happens next, health insurers can push for better health outcomes for their members earlier on, which will also save on hospital claim costs down the line.
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