Bupa is set to acquire Partnered Health Group and its network of integrated healthcare services as part of its goal to improve access to high-quality healthcare and support Australia's health system.
This acquisition will add Partnered Health’s national network of general practices, skin cancer, allied health and mental health clinics, alongside its corporate health and wellbeing services, to Bupa’s growing health services footprint across Australia.
Subject to regulatory approval, the acquisition will include 68 primary care clinics and three urgent care clinics, in addition to corporate health and wellbeing services delivered through the Jobfit, Baseline Onsite, New View Psychology, NewPsych Psychology, and Australian EAP brands.
Bupa APAC CEO, Nick Stone, said acquiring Partnered Health’s established health network is a natural next step for Bupa as it continues to expand its health provision network and grow its multidisciplinary health offerings.
“As a diversified health care provider, we’re focused on what we can do to better meet the health and wellbeing needs of Australians, as well as help support the careers of the GPs and clinicians that deliver that care,” Mr Stone said.
“We’ve been steadily growing our national network of medical centres, urgent care and mental health clinics to help provide easier access to essential, primary health care services for all Australians.“
Partnered Health Managing Director and CEO Dr Malcolm Parmenter said today’s announcement was an important milestone in the evolution of the Partnered Health business.
“This is an exciting opportunity for Partnered Health to continue to deliver high quality healthcare outcomes for our patients and customers. The combination with Bupa will enable us to continue to support our clinicians and our people while growing our clinic footprint and expanding our service offering,” Dr Parmenter said.
“Importantly for all of us, Bupa is committed to that same clinical autonomy that our clinicians have always enjoyed at Partnered Health.”
The acquisition is subject to ACCC and Foreign Investment Review Board (FIRB) approval, and other customary conditions.