MPL medibank private limited

News: MPL Medibank Private Says Will Increase Shareholding In Myhealth Medical to 90% For A$50.8 Mln

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    Dec 7 (Reuters) - Medibank Private Ltd (MPL) :

    • INCREASES PRIMARY CARE INVESTMENT THROUGH MYHEALTH
    • WILL INCREASE ITS SHAREHOLDING IN MYHEALTH MEDICAL GROUP FROM 49% TO 90% FOR AROUND A$50.8 MILLION
    • OVER NEXT FEW YEARS, ALSO INVESTING UP TO A$3 MILLION TO DEVELOP NEW PREVENTION PROGRAMS IN MYHEALTH CLINICS
    • TRANSACTION WILL BE FUNDED FROM EXISTING CASH RESOURCES
 
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