Medibank Health Solutions to be sold off: report
Medibank Health Solutions, the health management and telehealth services arm of privatised health insurer Medibank Private, is set to be sold off, according to the Australian Financial Review.
The AFR reports that Deloitte Corporate Finance will manage the sale of the division, which it says makes about $100 million in revenue annually.
Medibank Health Solutions provides a range of healthcare services on behalf of governments, including Garrison Health Services for the Australian Defence Force, and nurse and GP-led telehealth triage and advice services for Healthdirect Australia.
In June last year, the company offloaded its Workplace Health (WPH) and Travel Doctor-TMVC travel immunisation business to Sonic HealthPlus, the occupational and general medicine business unit of pathology giant Sonic Healthcare.
It lost out on a bid to provide New Zealand's national telehealth service to Homecare Medical in 2015 and also sold its Anywhere Healthcare specialist-to-GP telehealth service to Telstra Health in April last year.
Some GPs who worked for the after-hours GP hotline - which was cancelled at one stage but resurrected for rural areas - have since moved over to Telstra's ReadyCare joint venture.
Medibank Private originally bought the telehealth division from McKesson Asia-Pacific in 2010, along with the use of McKesson's CareEnhance call centre software.
The AFR is reporting that Medibank Health Solutions' profits are small. It says the likely interested buyers would be healthcare service provider Aspen Medical or another insurer such as Bupa.
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