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M&A Deal Summary

Medibank Private Acquires HealthStrong

On July 3, 2017, Medibank Private acquired healthcare services company HealthStrong from Mercury Capital

Acquisition Highlights
  • This is Medibank Private’s 1st transaction in the Healthcare Services sector.
  • This is Medibank Private’s 2nd transaction in Australia.

M&A Deal Summary
Date 2017-07-03
Target HealthStrong
Sector Healthcare Services
Buyer(s) Medibank Private
Sellers(s) Mercury Capital
Deal Type Add-on Acquisition

Target

HealthStrong

Sydney, Australia
HealthStrong is a provider of One-Stop Allied Health Service to residents of aged-care. HealthStrong was founded in 2012 and is based in Sydney, New South Wales.

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Buyer(S) 1

Buyer

Medibank Private

Docklands, Australia
Category Company
Founded 1976
Sector Insurance
DESCRIPTION

Medibank Private Ltd. is a provider of insurance services.

DEAL STATS #
Overall 2 of 2
Sector: Healthcare Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Australia M&A 2 of 2
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-08 McKesson Asia Pacific

Australia

McKesson Asia Pacific is a provider of phone- and web-based healthcare services, including telephone triage, health and wellness advice, chronic disease management and mental health services in Australia and New Zealand.

Buy -

Seller(S) 1

SELLER

Mercury Capital

Sydney, Australia

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2010
PE ASSETS 1.0B AUD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Mercury Capital is a private equity group focused on investing in established private businesses operating in Australia and New Zealand. Mercury looks to acquire controlling positions for a variety of situations, including succession plannings, expansion financings, recapitalizations, as well as partnering with existing management or owners to help drive growth. Mercury raised it's debut fund in 2010.

DEAL STATS #
Overall 3 of 7
Sector: Healthcare Services M&A 2 of 3
Type: Add-on Acquisition M&A Deals 1 of 3
Country: Australia M&A 3 of 5
Year: 2017 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-01 Tāmaki Health

Auckland, New Zealand

Tāmaki Health is a primary care operator that operates a portfolio of 49 clinics primarily located in “high needs” areas, including 19 Urgent Care Clinics largely across Auckland. Tāmaki Health is based in Auckland, New Zealand.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-25 Novotech

Sydney, Australia

Novotech is a full-service contract research organization (CRO) that provides biotech and small- to mid-sized pharmaceutical companies. Novotech was founded in 1997 and is headquartered in Sydney, New South Wales.

Sell $300M
Mergr

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