‘Greed’ to join Primary has led to bankruptcy
As MO went to press, Dr Nadi Hanna was expecting the Federal Court to this week uphold a petition from Primary subsidiary Idameneo to declare him bankrupt in the final instalment of a troubled practice takeover dating back to late 2006.
He told MO how after building up his southern Sydney practice specialising in skin cancer over eight years he accepted Primary’s offer of more than $550,000 – equivalent to his then annual turnover – to shut down his practice and work for Primary.
However, Primary terminated his contract within a year after he failed to fulfil his duties and, according to Primary, came into conflict with staff. Dr Hanna said that after years of skin treatment he said he was vulnerable to respiratory illness when returning to full-time general practice and unable to work his contracted 60 hours per week.
He says he could only