The Zoo scan

The business of general practice, daily

Wednesday 5 August 2026

Five items. Treasury's proposed 30 per cent minimum tax on discretionary trusts would reach the service-trust arrangements most practices collect through. The Therapeutic Goods Administration is moving to compliance action against suppliers of AI scribes. Tasmania redirects new-clinic money to existing bulk-billing practices.

The herd · market and workforce
Two GP practices have opened in the past four weeks Confirmed
  • Appin, NSW, 3 GPs, Appin Healthcare Centre, a fully bulk-billing practice, opened July 2026. Practice website
  • Newcastle West, NSW, 6 GPs, Parry Street Family Practice, a purpose-built private-billing practice, opened July 2026. Practice website
GP practices on the market across four states Confirmed

New South Wales

  • Petersham, 4 GPs, a bulk-billing practice in Sydney's inner west with 27,000 patients. SEEK Business
  • Western Sydney, a medical centre with a dental surgery. $6,200,000 plus stock. Mixed medical and dental. SEEK Business
  • Penrith, an accredited medical centre. $75,000. SEEK Business
  • Albury, a regional border practice in a DPA and MMM2 location. $375,000. SEEK Business
  • Edgecliff, a cosmetic, skin and GP clinic of twelve years with 8,400 patients. $220,000 to $245,000. Mixed cosmetic and general practice. SEEK Business

Victoria

  • Melbourne's north-west, a long-standing GP practice. $500,000. SEEK Business
  • Inner east Melbourne, a medical centre. $545,000. SEEK Business
  • Rowville, a long-established AGPAL-accredited practice. SEEK Business
  • Melbourne outer south-east, 5 GPs working 3.5 full-time equivalent, a bulk-billing practice coming to market. Medical Business Brokers

Queensland

  • Brisbane, an established GP clinic with a freehold opportunity and $1.5m annual billings. SEEK Business
  • Gold Coast, a medical centre with a large patient base. $335,000. SEEK Business
  • Hillcrest, a well-established GP practice with the property included. SEEK Business

Western Australia

  • Merredin, a rural practice in the central wheatbelt. The Health Linc
  • Perth, a medical centre with a freehold option. $690,000 negotiable plus stock. SEEK Business
Habitat · policy and regulatory watch
Treasury's proposed trust tax would catch practice service trusts Confirmed

Treasury is formulating a 30 per cent minimum tax on discretionary trust income from 1 July 2028, aimed at income splitting. It defines a discretionary trust by exclusion, so a practice that pools patient money and pays doctors a percentage of gross fees falls inside that definition. The same structure already draws scrutiny on payroll tax grounds.

3 August 2026 Proposal, not law
The Medical Republic: Discretionary trust tax changes are going to bite doctors
The TGA is moving to compliance action against suppliers of AI scribes Confirmed

The TGA will begin compliance action against suppliers of some AI clinical scribes, after a year-long review found scope creep, missing monitoring controls and a lack of transparency. Outcomes and updated guidance are due in coming weeks. A scribe running as an unapproved medical device is the deploying practice's problem, so which scribe a practice uses is now a diligence line.

4 August 2026
The Medical Republic: TGA flags compliance action on AI scribes
Tasmania redirects new-clinic money to existing bulk-billing practices Reported

Tasmania's 2025 election promise of five government-run bulk-billing clinics has been redirected by the incoming Liberal government to support existing bulk-billing practices instead. AMA Tasmania's new president rejects state funding of primary care as a federal responsibility. State money in practice revenue is a line no buyer has had to price before.

4 August 2026
Australian Doctor: States offering cash to GP practices
Fresh tracks · what we're watching

Private equity in clinician-owned and adjacent health services, the pool GP buyers come from.

  1. Medical training places. The Government announced 50 additional Commonwealth supported places for medical students on 4 August, a $30 million commitment across eight universities, beginning in 2028. Those students reach fellowship in the middle of the next decade, so the supply response arrives well outside the holding period of anyone buying a practice now. Ministers' Media Centre
  2. Healthscope. Lenders owed more than $1.6 billion would wait two years to be paid under a management proposal to turn the hospital group into a not-for-profit, the AFR reported on 3 August. A consortium of the group's landlords, including HMC Capital and Northwest Healthcare, has put a rival offer to lenders. Hospitals rather than general practice, and the question underneath it is what happens to a property-heavy health platform when the operating business stops covering the rent.
  3. Qscan and Pacific Equity Partners. PEP secured exclusivity over Infratil's 59.6 per cent stake in the medical imaging group in an auction reported at $900 million, per AFR Street Talk on 28 July. UBS is advising Infratil. Diagnostic imaging rather than general practice, and it is the same buyer that is circling Healthscope.
  4. Partnered Health. The breach ran in this scan on 4 August and reached the Guardian, the AFR and the Australian Computer Society overnight. Wider coverage, no new development. Bupa's purchase still has foreign investment clearance outstanding.
  5. Partnered Health, Ryan Plaza and Medicine on Second. The one live Australian GP matter on the ACCC register, MN-15027, notified 3 July, is still at Phase 1 with no determination published. Its statutory determination period runs to 14 August, which is next week.
  6. The Foreign Investment Review Board condition review. Treasury expects to open public consultation on ineffective conditions in August. Its consultation listing was checked this morning and no foreign investment consultation is open.
  7. National Dental Care. Crescent Capital has Morgan Stanley selling the group after more than a decade of ownership, reported by AFR Street Talk on 18 June, with no update since. Any multiple that process discloses is a rare public comparable for a clinician-owned roll-up.
  8. KKR and FYihealth. The waiver granted on 22 July required optometrists and management to roll a minimum of about 20 per cent of the acquirer's equity, with the option to roll more. The rollover floor is the term to watch, because it sets what a clinician owner keeps after a sale.

Talk to the people who track this market

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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