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Medibank Private ( (AU:MPL) ) has provided an update.
Medibank has announced the acquisition of Better Medical, a network of 61 GP and medical clinics, for approximately $159 million. This strategic move is part of Medibank’s broader effort to enhance primary care services and support preventive health measures, addressing the growing need for investment in the healthcare system. The acquisition aligns with Medibank’s strategy to expand its health segment and is expected to contribute to its financial goals, with Better Medical anticipated to deliver significant EBITDA by mid-2026.
The most recent analyst rating on (AU:MPL) stock is a Hold with a A$5.35 price target. To see the full list of analyst forecasts on Medibank Private stock, see the AU:MPL Stock Forecast page.
More about Medibank Private
Medibank Private Limited operates in the healthcare industry, primarily focusing on health insurance and health services. The company is expanding its presence in primary care through its Amplar Health network, aiming to improve access and quality of care for patients and clinicians across Australia.
Average Trading Volume: 5,488,240
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$13.44B
Learn more about MPL stock on TipRanks’ Stock Analysis page.