Ann: HLA enters into Scheme Implementation Deed with PEP, page-8

Not sure about that...very early stages of the industry rollup and multiple arbitrage story.

There is another smaller roll-up in QLD that will no doubt be snapped up too.

Each will have their own opinion on the margin opportunity from co-locating allied health and centralised systems/marketing.

PEP have a very good track record in healthcare....so wouldn't be too dismissive.