This just reported:
Anthony Macdonald and Yolanda Redrup
Sources said Telstra and MedicalDirector’s owner, private equity firm
Affinity Equity Partners, signed a deal over the weekend after an auction run
by investment bank Jefferies.
The deal will see MedicalDirector join the telco’s Telstra Health unit, which provides IT and software services to health and aged care groups in Australia including government-run services and private providers.
MedicalDirector is the second biggest provider of in-practice software to GPs in Australia. The company says about 23,000 clinicians use MedicalDirector to deliver more than 80 million consults a year. The software includes practice management, clinical health records, billing, reporting and referral management functions.
Biggest deal in Digital Health in a while!
David.
10 comments:
Affinity Equity Partners will be popping the champagne corks. What was their ROI from entry to exit over how many years?
It's quite likely Frank Pyefinch will be popping the champagne corks too. How much will Telstra's acquisition benefit the future growth of Best Practice?
What does this really mean for Telstra and for Telstra Health? Will they smother and snuff the life out of their medical practice clients?
or,
Will they, and at what cost, reinvigorate the primary care domain by reinventing the way primary and community health care services are delivered across Australia?
Telstra Health has entered into a binding agreement to acquire MedicalDirector for an enterprise value of A$350 million.
Is $350 Million a good deal - for Telstra or Affinity or both?
It currently supports approximately 23,000 medical practitioners and is used to deliver more than 80 million consultations a year.
So, Telstra paid $15,000 per medical practitioner! or $4 per consultation!
or, based on an average of 4 doctors per practice Telstra paid $60,000 per practice for MD. Does that mean they might cover their outlay in 4 years? Most unlikely.
Telstra health has a global reach, the UK market is opening up. I doubt this is about Mrs Sullivan living in regional WA. Congratulations to all involved
@6:27 PM "Telstra health has a global reach" - so you are suggesting that is where the money will be made.
To which countries does "global" refer? and Which "products" do you envisage will be sold "globally"?
10:26 suggest Google of Edge might assist in building your knowledge.
Thanks James. Unfortunately neither of your suggestions gave any useful information which would indicate what products Telstra Health should be rushing overseas to sell. It sounds like you probably have a better idea.
Going to risk it here 4:31 maybe you need to expand you search, partnership might Telus a lot about some powerhouse strategic alignments for the mutual benefit of shareholders.
Thanks James, much appreciated.
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