Co-op dream ends as controversial chain sold to private GP practices
Once a major player, the National Health Co-op had been in voluntary administration since June with 'insurmountable' losses
The National Health Co-op has been broken up and sold off to private GP practices after a financial crisis ending in the hands of administrators.
At one time Canberra’s largest provider of GP care, the not-for-profit has been controversial for offering bulk-billed consults while also charging patients $90 a year in membership fees.
Rival GPs have also accused it of receiving special treatment from the ACT Government, which had given it hundreds of thousands of dollars in grants to set up and run its clinics over the past decade.
It entered voluntary administration in June, facing possible insolvency and “insurmountable” losses at its seven GP practices.
