Cashed-up corporates on the rise
General practice seems on the cusp of the third wave of corporatisation.
We’ve had the chandeliers, grand pianos and mink-covered examination tables offered by Dr Geoffrey Edelsten; we’ve seen the cut-to-the-bone version typified by the late Dr Ed Bateman’s empire.
Now it seems the next generation is here, as investors eye profit they believe lies beneath a specialty long-starved of Medicare funds.
Hundreds of millions of dollars have been poured into the sector in recent years, changing the skyline dominated by Primary Health Care and IPN.