Livingbridge has agreed to sell its stake in Better Medical, Australia's leading owner-operator of general practice clinics, to Medibank, pending regulatory approval and expected completion by March 2026.
Information on the Target
Better Medical, headquartered in Australia, is recognized as one of the country's largest owner-operator networks of general practice clinics. With a robust network comprising 61 sites nationwide, Better Medical employs approximately 800 general practitioners, nurses, and allied health clinicians dedicated to delivering high-quality healthcare services.
The organization is committed to proactive care management, fostering enduring relationships between medical professionals and patients. Since its investment by Livingbridge, Better Medical has demonstrated significant growth, notably through successful acquisitions, including SmartClinics, and enhancements to its clinic operations, effectively expanding support services for general practitioners and their staff.
Access Full Deal Insights
You’re viewing a public preview of this deal. To unlock full access to ca. 50,000 other deals in our database and join ca. 400 M&A professionals who are using it daily, sign up for Dealert.
Industry Overview in Australia
The Australian healthcare sector is characterized by a mix of private and public services, with a strong focus on accessible medical care for all citizens. The industry has been experiencing significant transformation,
Similar Deals
DKSH → Noru Pharma's ear care brands
2022
Barwon Healthcare Property Fund → Two fully leased medical centres
2021
PERKii Targeted Release Probiotics → ProGel Microgel Technology Pty Ltd
Medibank
invested in
Better Medical
in 2026
in a Other deal