One item today, and it is a deadline rather than a deal. Submissions on the first GP practice notification under the mandatory merger regime, Partnered Health's bid for the 11-GP Medicine on Second clinic at Maroochydore (MN-15027), close on Friday 10 July. The ACCC register, re-checked directly today, is unchanged: no new GP practice notification has joined since Partnered Health's 3 July filing, and the Bupa-Partnered Health parent transaction is still absent. A Phase 1 determination is expected in the second half of July. In New Zealand, Green Cross shareholders vote on the NZD 270m sale of The Doctors to Tend Health on Tuesday 14 July.
Submissions on Partnered Health's notification for the 11-GP Medicine on Second clinic at Maroochydore (MN-15027) close tomorrow, Friday 10 July, the last day to put anything to the ACCC. Checked directly on the register today: the matter remains at Phase 1 initial assessment, effective notification date 3 July, unchanged since the 8 July check. This is the first GP practice matter under the mandatory merger regime, so the timetable it sets is the one every corporate and health-insurer bolt-on above the cumulative threshold will follow. A Phase 1 determination is expected in the second half of July, with the statutory 30-business-day deadline falling in mid-August.
No new GP practice acquisition has joined the register since that 3 July filing. The nearest health-adjacent notification is the Stonepeak-led consortium's bid for Estia Health (residential aged care, notified 29 June), outside the GP frame. The larger Bupa-Partnered Health parent transaction, reported by the AFR at $450m, has still not appeared.
The New Zealand comparator holds its date. Green Cross Health's annual shareholders' meeting is set for Tuesday 14 July in Auckland, where shareholders vote on the NZD 270m sale of The Doctors (65 clinics, 400,000+ enrolled patients) to Tend Health, with completion targeted for 31 July if approved.
Own a practice and thinking about your exit, this year or in three? Write to kate.marie@mediusglobal.com.au, in confidence.
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