Australia’s third biggest GP corporate up for sale for $300m
Myhealth Medical Group has opened more than 80 practices since 2007
Another of Australia’s biggest GP corporates is on the market, with a sale price of $300 million.
Myhealth Medical Group, which was originally set up in 2007 by Sydney GP Dr James Liang, has more than 80 practices and 500 doctors on its books.
Its major shareholder, a private equity group called Crescent Capital, said on Monday it had appointed investment bank Rothschild to find potential buyers for the business.
It follows in the wake of Healius’ decision in June to sell 69 of its medical centres to the private equity outfit BGH Capital for an estimated $500 million.
